Accord announce further cuts to BTL rates

Accord Mortgages has announced that it is reducing buy-to-let rates across all LTVs from this Friday, marking the third rate cut this year already by the lender.

Related topics:  Finance,  Landlords,  BTL
Property | Reporter
26th January 2023
To Let 925

The changes will see a five-year fixed rate now available at 4.82% up to 60% LTV, available for house purchase with a £1,995 fee and £500 cashback and a fee-free five-year fixed rate remortgage product reduced to 5.39% up to 75% LTV with a free remortgage legal service.

Changes to two-year products include a two-year fixed rate remortgage product lowered to 4.90% at 60% LTV with a £1,995 fee and £250 cashback and a two-year fix for purchases reduced to 5.35% up to 75% LTV with a £1,495 fee and £500 cashback.

All products come with a free standard valuation.

Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re so pleased to be able to cut buy-to-let rates even further, ensuring our product range remains as competitive as possible for our brokers and their clients in a rapidly changing environment.

“Cutting rates across LTVs also means landlords can benefit from even better value, regardless of the equity they have, and can choose from a variety of different options, including some with no initial product fee, and others which come with cashback.”

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