Accord Mortgages is starting the new year with cuts of up to 0.28% across a variety of products within its buy-to let range, taking effect from 8am tomorrow (Wednesday the 4th of January).
Highlights from the reductions include a 2-year fixed rate at 5.42%, (was 5.70%), up to 60% loan-to-value (LTV), available for remortgage purposes, which comes with a £995 fee, free standard valuation and £250 cashback, as well as a 5-year fixed rate at 5.18% (was 5.31%), up to 75% LTV, for remortgage purposes, with a £1,995 product fee, £250 cashback and free standard valuation.
Accords rate cuts also includes a 2-year fixed rate at 5.70% (was 5.90%), up to 60% LTV, for house purchase, with a £495 fee, free standard valuation and £500 cashback, and another 2-year fixed rate at 5.95% (was 6.15%), up to 60% LTV, for house purchase, with no product fee, £500 cashback and free standard valuation
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re hopeful that the start of the new year might signal a pick-up in market activity as people begin to step back in after the festive break, and having watched and waited for some of the economic volatility we saw towards the end of 2022 to subside.
“We wanted to help this recovery process along, hence why we’re starting the year with our latest product enhancements of several announced recently.
He concluded: “As a leading buy-to-let lender, we’ll continue to carefully monitor how things progress during 2023, so that we can help landlords as much as possible.”
