Accord Mortgages is making changes to its buy-to-let range this week, providing more choice to brokers and their landlord clients.
These changes see the intermediary-only lender cutting rates across selected mortgages and introducing new product offerings, with reductions of as much as 0.84% on some 5-year fixes.
These include fee-free 2-year fixes starting at 6.80%, and new tracker products for those wanting greater flexibility and the potential to benefit from the current, lower market pricing on variable-rate deals, as well as any future Bank Base Rate reductions.
The new range is available from 8am tomorrow, Friday 4th August.
Highlights from the new range include a 5-year fix at 80% loan-to-value (LTV), suitable for those remortgaging, at 6.13% (was 6.97%) with a £995 completion fee and £250 cashback, as well as a new fee-free 2-year fix at 6.80% up to 60% LTV.
Both products come with free standard valuation.
In addition, Accord will also introduce a new 2-year fix at 6.43% up to 60% LTV, which comes with £500 cashback for those purchasing a property, or a choice of £250 cashback or remortgage legal services for those remortgaging.
The lender has also taken the opportunity to extend product end dates to 31 October, to give maximum product term value to brokers and their clients.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re reducing rates on selected products in response to changing swap rates and market conditions, to ensure our products remain as competitive as possible in a fast-changing environment.
“The range has also been broadened to appeal to a wider range of landlords, and we hope it will be well received, especially in the current climate, which has been very challenging for them to date.”
