Accord to cut rates of 16 buy-to-let deals next week

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Accord is introducing a new buy-to-let range next week.

The new offering will include rate cuts on 16 products.

The current buy-to-let range from the intermediary only lender will be withdrawn at 6pm on Friday 23 April, and replaced from 8am on Monday 26 April with the updated range.

The proposition will be available to both house purchase and remortgage clients, across a variety of initial fixed rate terms and loan to value (LTVs).

New products at 80% LTV include:

  • A two-year fixed rate at 3.37% (was 3.64%) for remortgage clients, which comes with a £995 fee, £250 cashback, remortgage legal service and free standard valuation.
  • A two-year fixed rate at 3.43% (was 3.71%) for house purchase clients, which comes with a £995 fee, £500 cashback and free standard valuation.

The new range also features:

  • A three-year fixed rate at 2.09% (was 2.17%) for remortgage clients, available up to 75% LTV, with a £995 fee, £250 cashback and free standard valuation.
  • A five-year fixed rate at 2.13% (was 2.17%) for house purchase clients, available up to 65% LTV, with a £995 fee, £500 cashback and free standard valuation.

Simon Garner, Accord’s buy-to-let product manager, said: “We’re pleased to offer this new range which offers even better value to landlords. We hope that, with a variety of initial fixed terms, LTVs and incentives, this combination of benefits will really appeal to brokers and their clients looking for the best option to suit their individual buy-to-let requirements.”

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