As of tomorrow, Tuesday 9th January, Accord Mortgages is making changes to its buy-to-let new business product range.
The existing range will be withdrawn at 10pm today, Monday 8 January and the new range will be available at 8am tomorrow.
As part of the changes, selected 2-year products will be reduced by up to 0.50%, and a number of 3-year products will be reduced by up to 0.70%.
In addition, selected 5-year products will be reduced by up to 0.95%, and product end dates will be extended to 30 April.
Highlights from the reduction’s include a 5-year fix at 4.94% (was 5.89%) at 80% LTV, for house purchase with a £995 fee, a 2-year fix at 5.64% (was 6.14%) at 80% LTV, for house purchase with a £995 fee, as well as a 3-year fix at 5.29% (was 5.99%) at 80% LTV with £995 fee.
Aidan Smith, buy-to-let mortgage manager at Accord, said: “The markets have responded very positively to pre-Christmas inflation data which showed this key cost index was falling faster than the Government predicted, and the Bank of England’s efforts to control it are working.
“This has given us a welcome opportunity to pass on further value to brokers and their clients through substantial rate cuts across our range, including a market leader and some very competitive other options.
“We will continue to closely monitor market trends with a view to taking all possible opportunities to support brokers and landlords as the year unfolds.”
