Accord Mortgages is making some changes to its buy-to-let mortgage range this week.
The current range will be withdrawn tomorrow at 8pm (21 April), and replaced on Friday (22 April) at 9am.
The new range will include rate cuts on selected 2-year products at 65% loan-to-value (LTV) of up to 0.09%, including a 2-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 intermediary-only lender has also reduced rates on selected products at 75% LTV, for landlords wishing to benefit from both 2-year and 5-year terms. These include a 5-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 2-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.
The intermediary only lender has also extended product end dates until 30 September, to ensure the best possible value for brokers and their clients.
Simon Garner, buy-to-let mortgage manager at Accord, said: “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.”
