Accord cuts BTL remortgage rates

Simon Garner, buy-to-let mortgage manager at Accord, said: “Reducing the rates on these selected products will give brokers and their landlord clients better value."

Accord cuts BTL remortgage rates

Accord Mortgages has cut rates on selected remortgage products in its buy-to-let (BTL) range, effective from 17 September.

 

Rates have been cut by up to 0.12% at 60% loan-to-value (LTV) and 0.08% at 65% LTV.

Notable reductions include the 2-year fixed rate remortgage at 1.31% (was 1.43%) for landlords with 40% equity, which comes with a £1,495 completion fee, free standard valuation and either £300 cashback or free remortgage legal services.

And the 2-year fixed rate remortgage at 1.71% (was 1.79%) for landlords requiring 65% LTV, which comes with a £495 completion fee, free standard valuation and either £250 cashback or free remortgage legal services.

The intermediary-only lender has also improved selected buy-to-let purchase products, with a 5-year fixed rate of 1.89% (was 1.90%) now available at 65% LTV.

This mortgage comes with a £495 completion fee, £250 cashback and free standard valuation. The same deal is also available to landlords looking to remortgage.

Simon Garner, buy-to-let mortgage manager at Accord, said: “Reducing the rates on these selected products will give brokers and their landlord clients better value.

"We’re sure they will be a welcome addition to the current competitive market.”

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