Accord announce new cuts to buy-to-let rates

Warren Lewis
15th December 2017

Accord Buy To Let has announced that it has reduced rates by up to 0.35% on three quarters of its mortgage range.

In addition, the lender has also 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.

New three-year fixed rates are available from 2.24% at 75% LTV with a £995 fee and free standard valuation, and 2.79% up to 65% LTV with no product fee and free standard valuation.

Both mortgages are available for house purchase and remortgage.

New five-year products include a 1.89% five-year fixed rate at 65% LTV with a £1,495 fee and free standard valuation, or 2.84% with a £950 product fee.

Landlords purchasing a new property will receive free standard valuation and £500 cashback. Those who are remortgaging can opt for this or alternatively choose free standard valuation and legal fees.

Chris Maggs, Commercial Manager at Accord Buy To Let, said: “It’s Christmas, the season of goodwill so we hope the changes we’ve made to our products will be well received by landlords at the end of what has been a turbulent year.

We’ve tweaked our range based on feedback from both brokers and landlords. In particular, we’ve seen a shift in appetite for five-year fixes as landlords look to secure a great rate for longer, which is why we’ve launched a new competitive longer term deal.

As 2018 approaches landlords will be reviewing their existing portfolio and we hope by taking advantage of some of the great deals we have on offer they will start of the year on the front foot.”

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