Accord offers remortgaging landlords £250 incentive

Mortgage Introducer

May 18, 2017

Accord Buy to Let has added an extra cashback £250 incentive for remortgaging landlords between 65% and 75% loan-to-value.

The lender is already offering up to £300 cashback on completion for fixed-rate mortgages – meaning borrowers can get up to £550 cashback in total.

Chris Maggs, Accord’s Buy to Let commercial manager, said: “In 2017 the market has seen a considerable shift from purchase to remortgage transactions.

Accord to use collective ICR of 135% for portfolio buy-to-let

“The changes impacting landlords’ personal taxation and the stamp duty land tax surcharge on second properties has slowed purchase activity with landlords focusing on re-financing to make their portfolios work for them.

“Our latest range of products aims to provide landlords with a helping hand when managing their portfolios.”

He added that Accord’s rental affordable calculator enables a large number of landlords to use 135% interest coverage ratio.

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