Accord reprices buy-to-let range
Accord Mortgages is making changes to its buy-to-let mortgage range later this week, with selected rate reductions and increases.
"In light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges."
The intermediary-only lender is reducing all rates across its 80% LTV range by 0.20%.
Highlights include a two-year fixed rate at 2.67% with £250 cashback and a discounted variable rate of 2.47%, both available for purchase and remortgage with a £995 fee and free standard valuation.
Amongst the rate increases are selected fixed rate products at 75% LTV by up to 0.14%, discounted variable rate products between 60% and 75% LTV by 0.15%, selected fixed rates at 60% LTV by up to 0.06%, and all fixed rates at 65% LTV by up to 0.09%.
The changes will take place from 9am on Friday 7th January, with selected products withdrawn at 8pm on the 6th of January to allow the rate changes to take place.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to be able to reduce our higher LTV buy-to-let mortgages to help landlords with less equity benefit from improved choice, but in light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges. As always, we’re letting brokers know about the upcoming changes in advance.”
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