Accord Mortgages amends selected BTL rates

Jake Carter

January 5, 2022

changing property needs

Accord Mortgages is set to make various changes to its buy-to-let (BTL) mortgage range later this week, with selected rate reductions and increases.

The intermediary-only lender is reducing all rates across its 80% loan-to-value (LTV) range by 0.20%.

Highlights include the 2-year fix cut from 2.87% to 2.67% and the discounted variable rate from 2.67% to 2.47%.

Both deals are available for both house purchase and remortgage, with a £995 fee and free standard valuation.

Accord has also increased selected fixed rate products at 60% LTV by up to 0.06%, all fixed rate products at 65% LTV by up to 0.09%, selected fixed rate products at 75% LTV by up to 0.14% and discounted variable rate products at 60%, 65% and 75% LTV by 0.15%

The changes will take place from 7 January, with selected products withdrawn on 6 January.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to reduce our higher LTV buy-to-let mortgages to help landlords with less equity benefit from improved choice, but in light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges.

“As always, we’re letting brokers know about the upcoming changes in advance.”

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