Accord makes changes to buy-to-let range

It cuts rates on some and implements increases on selected products

Accord makes changes to buy-to-let range

Accord Mortgages has announced that it is making a number of changes to its buy-to-let mortgage range this week.

The intermediary-only lender said the current range will be withdrawn tonight (April 21) at 8pm, and replaced tomorrow (April 22) at 9am.

The new range will include rate cuts on selected two-year products at 65% LTV of up to 0.09%, including a two-year fix at 2.51% (was 2.60%) available for remortgaging, which comes with a £495 fee, free remortgage legal service, and free standard valuation.

The lender has also reduced rates on selected products at 75% LTV, for landlords wishing to benefit from both two-year and five-year terms. These include a five-year fix at 2.49% (was 2.55%), available for both house purchase and remortgage, which comes with a £1,995 fee, £250 cashback, and free standard valuation.

Selected two-year products at 60% and 65% LTV are being increased by up to 0.08%, and by up to 0.05% for selected products at 80% LTV.

Accord has also extended product end dates until September 30.

“We’re pleased to have been able to reduce our buy-to-let mortgages at 65 and 75% LTV to help landlords benefit from better value, but in light of changing market conditions we’ve also had to increase selected rates. As always, we’re letting brokers know about the changes,” Simon Garner, buy-to-let mortgage manager at Accord, said.