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.

“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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