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Mortgage News

Accord cuts rates and launches buy-to-let deals

Shekina Tuahene
Written By:
Posted:
August 3, 2023
Updated:
August 3, 2023

Accord Mortgages has made changes to its buy-to-let offering with rate cuts of up to 0.84 per cent across select five-year fixes and new products.

This includes a five-year fixed deal at 80 per cent loan to value (LTV) for remortgage borrowers, with a rate of 6.13 per cent down from 6.97 per cent. It has a £995 completion fee, £250 cashback and a free standard valuation.

There is also a fee-free two-year fix at 60 per cent LTV, also for remortgage, with a rate of 6.8 per cent. This has a free standard valuation.

The lender has also added a two-year fix up to 60 per cent LTV with a rate of 6.43 per cent. The purchase option comes with a £500 cashback incentive and the remortgage offers either £250 cashback or legal services. The product has a £1,495 fee and free standard valuation.

There is also a two-year tracker which has been added to the range, at 60 per cent LTV and priced at 5.22 per cent. This has a £1,995 fee and is available for purchase or remortgage.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re reducing rates on selected products in response to changing swap rates and market conditions, to ensure our products remain as competitive as possible in a fast-changing environment.

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“The range has also been broadened to appeal to a wider range of landlords, and we hope it will be well received, especially in the current climate, which has been very challenging for them to date.”