Accord Mortgages has introduced a new range of 2-year discounted standard variable rate (SVR) mortgages for both buy-to-let and residential clients.
From today landlords will be able to benefit from variable rates starting at 2.15% at 60% loan-to-value (LTV), based on a discount of 2.84% on Accord’s standard variable rate (SVR – currently at 4.99%), for a 2-year term.
The intermediary-only lender will also offer the discounted SVR products to brokers for residential clients from tomorrow, with variable rates starting at 2.14%.
Both buy-to-let and residential ranges are available for purchase and remortgage, and all come with free standard valuation.
Cashback or Accord’s Remortgage Legal service have also been added to give brokers more choice and flexibility suited to individual circumstances.
Highlights available to residential clients include a fee-free discounted variable rate of 2.21% at 75% LTV and a discounted variable rate of 2.34% at 85% LTV with a £495 fee and £500 cashback.
Simon Garner, mortgage manager at Accord, said: “We’re pleased to re-introduce our discounted standard variable rate mortgages, now with additional incentives, to give brokers more choice when advising both residential and landlord clients.
“These products provide a lower initial rate than our equivalent fixed rate products and with the additional features, could provide great value options for brokers and their clients.”
