BTL remortgage rates trimmed at Accord

BTL remortgage rates trimmed at Accord

Accord Buy to Let has announced today that it has cut rates by up to 0.15% on its range of two-year fixed rate 75% LTV mortgages.

The remortgage rates start at 2.34% with a £2,495 product fee, rising to 2.89% with a £800 product fee and incentives including free standard legal fees or £300 cashback on completion, and free standard valuation.

Each mortgage is available with a discounted reversion rate of 4.04% for three years once the initial fixed rate period ends. During the reversion rate period, landlords won’t have to pay any early repayment charges and can redeem their mortgage at any time. On the loan’s fifth anniversary, the mortgage rate will revert to Accord’s standard variable rate of 5.79%.


Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “Not only does our new range offer enticing rates and a choice of incentives, landlords taking out a two or three year product will also benefit at the end of the mortgage term, as they will revert to our discounted reversion rate or have the option of transferring to another attractive product available for existing borrowers.

We are constantly reviewing our buy-to-let mortgages to offer the best fit for landlords, and we hope that this combination of benefits will really appeal to both landlords and brokers looking for the best option to suit their individual requirements.”

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Scott Garnet 06 Nov 2017

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris 30 Aug 2017

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