Accord Buy to Let cuts rates
Accord Buy To Let has reduced rates on 25 products, more than a third of its product range, with more than a half seeing a cut of 0.1%.
For landlords looking to purchase up to 75% LTV the 2-year fixed rate, which comes with £500 cashback, free valuation and a £1,495 product fee, was cut from 1.90% to 1.80%, and the 60% LTV 3-year fixed, which comes with a free valuation and £500 cashback, was reduced from 2.54% to 2.44%.
Toni Roberts, Accord Buy to Let’s mortgage product manager, said: “There’s a lot of focus on landlords at the moment and we are constantly reviewing our product ranges to ensure we are offering a competitive range of options.
“Whether it’s a first-time landlord, a consumer landlord or someone managing an established portfolio, we’re confident these updates will be well received by brokers and their clients.”
For landlords looking to remortgage, the 75% LTV 2-year fixed rate which has a free valuation and legals and £250 cashback, was reduced from 2.59% to 2.49%.
The lender cut its 60% LTV 5-year fixed rate which comes with £250 cashback, free legals, free valuation and a £1,495 product fee, from 2.13% to 2.08%.
For landlords looking to take advantage of low Bank of England base rates, two 75% LTV 2-year tracker products have been relaunched for both house purchases and remortgaging at 1.89%, when it was previously 1.99%) with free valuation and a £950 product fee.