Accord Buy to Let cuts rates

Michael Lloyd

July 26, 2018

Accord Buy To Let has reduced rates across its mortgage range by up to 0.16%, with those remortgaging likely to benefit most.

The lender is offering mortgages with a 2-year fixed rate starting from 1.67% for landlords requiring 60% loan-to-value.

This mortgage is for both landlords looking to extend their portfolio, or those remortgaging, and has a product fee of £1,495 but comes with free standard valuation and cashback up to £750.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We continue to make changes to our buy-to-let mortgage range to offer additional and improved choice to brokers and their clients.

“Amid economic speculation of a rise in bank rate in the near future we’ve introduced new mortgages designed to offer landlords longer-term peace of mind until 2023, and have reduced rates across our range to offer competitive options for a range of borrowers.”

Landlords looking to remortgage their current portfolio can now also opt for a 2-year fixed rate of 2.08%, a rate reduction of 0.16% at 75% LTV. This mortgage comes with a £950 fee and has £750 cashback and free standard valuation.

Accord has also introduced two new 5-year fixed rate mortgages for those re-financing their portfolio that want peace of mind over the longer-term.

Landlords with 65% LTV can choose a 5-year fixed rate mortgage at 2.09% and those who have a 25% deposit can benefit from a rate of 2.49%. Both options have a £1,995 fee and free standard valuation.

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