Accord Mortgages is making positive changes to its buy-to-let range this week, offering better value and choice to brokers and their clients, a move which will be welcomed by landlords.
For the first time since mid-February, the intermediary-only lender is reducing rates across all loan-to-values (LTVs), including cuts of up to 0.29%, as well as extending end dates to 31 August, offering maximum product term value to borrowers.
Highlights of the new range, which is available from 8am on Thursday include a fee-free 5-year fix at 75% LTV, suitable for remortgaging, is reducing by 0.29%, now priced at 5.01%.
This also comes with free standard valuation and a choice of £250 cashback or free remortgage legal service.
Additionally, the new range features a 5-year fix at 75% LTV for both remortgage and house purchase clients, dropping by 0.25% to 5.31%.
This comes with a £1995 fee, free standard valuation and £250 cashback, as well as the added benefit of no early repayment charges (ERCs)
A 5-year fix at 60% LTV for remortgage clients, at 4.60% (was 4.73%), which comes with a £1995 fee, free standard valuation and a choice of £250 cashback or free remortgage legal service and a fee-free 2–year fix at 60% LTV for house purchases at 5.61% (was 5.74%), is also included.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to cut rates on our buy-to-let range, during what has been a difficult period for landlords.
“By ensuring our product range remains as competitive as possible, we’re maintaining our support for brokers and their landlord clients in a very fast-changing market.
He concluded: “These changes also mean that landlords can benefit from even better value, regardless of their equity, as well as being able to choose from a variety of different options, including no initial product fee, cashback, or even products without early repayment charges for those preferring the flexibility this potentially offers.”
