Accord has made another southward move on the interest rates on its buy-to-let mortgage range.
The intermediary-only lender is reducing rates across its range by up to 0.24% to further support hard-pressed landlords who are struggling to maintain affordability and rental yields – alongside other challenges – in the current, volatile market environment.
The leading buy-to-let lender is making its competitive new products available from 8am tomorrow, Wednesday 15th February.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to announce this latest in a string of buy-to-let rate cuts since the start of the year, which has been made possible by a further settling-out of market swap rates.
“Maintaining our support to landlords in this way is a major priority for us at Accord and we will continue to seek out opportunities like this to pass on as much value as possible to them and their clients.”
Highlights include a 2-year fixed rate at 5.71%, (was 5.93%), up to 75% LTV, available for remortgage purposes, which comes with no fee, free remortgage legal work and free standard valuation, as well as a fee-free 2-year fix for house purchase at 5.84% (was 6.06%), up to 75% LTV, with £500 cashback and free standard valuation.
Further reductions includes a 5-year fix at 5.00% (was 5.24%), up to 65% LTV, for remortgage, with a £495 fee, £250 cashback and free standard valuation and a 2-year fix at 5.05% (was 5.24%) for remortgagers, up to 60% LTV, with a £995 fee, free remortgage legal work and free standard valuation.
