Accord Mortgages will be making changes to its buy-to-let mortgage range later this week, with selected rate reductions and rate increases.
The intermediary-only lender is reducing all rates across its 80% loan-to-value (LTV) range by 0.20%, with highlights including:
- 2-year fixed rate of 2.67% (was 2.87%), available for both house purchase and remortgage, which comes with £995 fee, free standard valuation and £250 cashback
- Discounted variable rate of 2.47% (was 2.67%), available for both house purchase and remortgage, with a £995 fee and free standard valuation
Accord will also increase:
- Selected fixed rate products at 60% LTV by up to 0.06%
- All fixed rate products at 65% LTV by up to 0.09%
- Selected fixed rate products at 75% LTV by up to 0.14%
- Discounted Variable Rate products at 60%, 65% and 75% LTV by 0.15%
The changes will take place from 9am on Friday (7 January), with selected products withdrawn at 8pm Thursday (6 January) to allow the rate changes to take place.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to reduce our higher LTV buy-to-let mortgages to help landlords with less equity benefit from improved choice, but in light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges. As always, we’re letting brokers know about the upcoming changes in advance.”
