Accord Mortgages is introducing reductions of up to 0.18% across its buy-to-let range, effective from tomorrow (Friday, the 20th of January at 8am).
The intermediary-only lender is making these further changes after closely watching the direction of market interest rates, whose downward direction has brought a fresh opportunity to pass on even better value to brokers and their clients.
Highlights include a 2-year fixed rate at 5.24%, (was 5.42%), up to 60% loan-to-value (LTV), available for remortgage purposes, which comes with a £995 fee, £250 cashback and free valuation, as well as a 5-year fixed rate at 4.98% (was 5.07%), up to 60% LTV, for remortgage purposes, with Accord’s remortgage legal service and a free standard valuation.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to announce our second buy-to-let rate cut since the beginning of the year.
“As a leading buy-to-let lender, we’re committed to doing all we can to support the landlord sector. As part of this, we continue to closely monitor the buy to let market so that we can offer additional value to brokers’ landlord clients.”
Additional rate cuts include a fee-free 2-year fix at 5.85% (was 6.00%), up to 65% LTV, for remortgage purposes, with £250 cashback and free standard valuation, another 2-year fix at 5.57% (was 5.64%), up to 75% LTV, for house purchase, with a £995 fee, £500 cashback and free standard valuation, and a 5-year fixed rate at 5.66% (was 5.71%), up to 65% LTV, for house purchase & remortgage.
This rate has no early repayment charges and has a £1995 fee, £250 cashback and free standard valuation.
