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TODAY'S OTHER NEWS

Lender slashes its loan-to-value rates

Accord Buy to Let has reduced the rates across its 75% loan-to-value (LTV) range by 0.35%, and offered a range of other attractive incentives to win over landlords and brokers. Accord particularly hopes to help landlords manage the costs of buying and remortgaging in a difficult and competitive marketplace.  

In the rate reduction, two-year fixed rate mortgages are available for to landlords with a deposit of 25% at either 3.2% with no product fee or 2.8% with a £800 fee.

For landlords who are looking to expand their portfolios, they will receive £500 cashback on completion, whilst remortgaging landlords could obtain free legal work and a valuation, or £300 cashback and a free valuation.

Additionally, this intermediary-only lender has also launched a two year tracker mortgage for 60% LTV customers at the competitive rate of 1.9% with a range of benefits attached. Those who choose this mortgage deal can obtain £500 on completion when purchasing a property, and £300 cashback on completion and a free valuation for those remortgaging customers.

Chris Maggs, Accord’s Buy to Let Commercial Manager, commented: “We are constantly reviewing our buy-to-let (BTL) mortgages to offer the best fit for landlords, and our new 75% LTV range allows those with a 25% deposit to pick and choose the best loan to suit their individual requirements.”

“The addition of our new two-year tracker options means we now offer both fixed-rate and tracker BTL mortgages below 2%, which we hope will appeal to both landlords and brokers,” he added.

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