Accord Buy To Let is cutting rates on over one-third of its product range.
25 products have had their rates reduced, with more than half seeing a deduction of 10bps.
The changes cover multiple loan to values (LTV) on both house purchasing and remortgaging products and include fixed rate and tracker options.
Purchase updates include the following:
- 75% LTV two-year fixed rate at 1.80% (was 1.90%) with £500 cashback, free valuation and a £1,495 product fee
- 60% LTV three-year fixed rate at 2.44% (was 2.54%) with £500 cashback and free valuation
Remortgage updates include the following:
- 75% LTV two-year fixed rate at 2.49% (was 2.59%) with £250 cashback, free legals and free valuation
- 60% LTV five-year fixed rate at 2.08% (was 2.13%) with £250 cashback, free legals, free valuation and a £1,495 product fee
Meanwhile, two 75% LTV two-year tracker products have been re-launched for both house purchases and remortgaging at 1.89% (was 1.99%) with free valuation and a £950 product fee.
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.”
