Accord reduces buy-to-let rates

Michael Lloyd

January 23, 2018

Accord Buy To Let has introduced 17 products and reduced rates by up to 0.35% on selected mortgages.

There is now a 1.64% 2-year fix available for both purchase and remortgage customers with a 40% deposit. This mortgage has a £950 fee and comes with £500 cashback on completion and free standard valuation.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We constantly review our mortgage range and we believe these new products provide landlords with some of the most competitive products in the market.

“Coupled with competitive affordability calculations we believe we are providing exceptional options for landlords.”

Accord has also launched a choice of highly competitive new tracker mortgages with no early repayment charges (ERCs).

The mortgages track the Bank of England base rate, and are designed to provide landlords with flexibility to exit their mortgage early without paying an ERC should their circumstances change over the next two years.

At 65% loan-to-value there is a 2.04% 2-year tracker available to remortgaging landlords and those extending their portfolios, with a £950 fee and free standard valuation.

In addition, Accord has reduced its £1,995 product fee to £1,495 on certain options, and selected mortgages which previously had a £450 fee are now fee free.

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