Accord announces buy-to-let rate cuts and increases
Accord Mortgages has announced a series of buy-to-let rate changes, replacing its current range from Friday 4th February.
"Rates have been increased across the lower LTV ranges, but we’ve been able to reduce some of the ERC-free products to give brokers and their landlord clients better value"
The lender’s recently launched ERC-free five-year fixed rate products will see the biggest cuts, with the 80% LTV rate reducing 0.50% to 3.49% and the 75% LTV rate by 0.39% to 2.54%.
Elsewhere, fixed rate products in its 60% LTV range are being increased by up to 0.30%, 65% LTV by up to 0.29% and 75% LTV by up to 0.35%.
Simon Garner, buy-to-let mortgage manager at Accord, said: “As a result of changing market conditions, we’ve emailed brokers to let them know about some changes we’re making.
“Rates have been increased across the lower LTV ranges, but we’ve been able to reduce some of the ERC-free products to give brokers and their landlord clients better value when choosing a fixed term product that allows penalty-free flexibility, should they need it.”
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