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Accord to cut rates on BTL range

Jake Carter

July 2, 2021

rental yields btl

Accord Mortgages is set to reduce the rates on products within its buy-to-let (BTL) range from 5 July.

The rate cuts, which represent as much as 0.22% at 65% loan-to-value (LTV), also incorporate additional fee and incentive combinations, with the aim of adding more choice for landlords.

The intermediary-only lender has also revealed that it will be adding products across the range, up to 75% LTV.

Highlights of the rate cuts include: a 2-year fixed rate at 1.83% (previously 2.01%) at 60% LTV, available for house purchase and remortgage, which comes with a £495 fee, £250 cashback and free standard valuation; a 5-year fixed rate at 1.78% (previously 1.83%) at 60% LTV, available for remortgage clients, which comes with a £1,995 fee, £500 cashback and free standard valuation; and a 2-year fixed rate at 1.75% (previously 1.97%) at 65% LTV, available for house purchase and remortgage, which comes with a £995 fee and free standard valuation.

Products being added to the range include a 2-year fixed rate at 1.48%, for clients looking to remortgage with a 40% deposit; this comes with a £1,995 fee, £500 cashback and free standard valuation.

For landlords looking to purchase a property with a 25% deposit, products include a 2-year fixed rate at 1.91%, with a £1495 fee, £300 cashback and free standard valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to introduce this improved range, which offers even better value to those with a larger deposit.

“We hope that, with additional fee and incentive combinations, it will really improve customer choice and allow brokers and their landlord clients to find the best option to suit their individual requirements.”


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