Accord mortgages

Accord revises BTL range

Accord Mortgages has revealed updates to its BTL range, effective from Friday, 22nd April.

The lender will be reducing rates by up to 9 basis points on selected two-year 65% LTV products, including its remortgaging option with a £495 fee and free remortgage legal service and standard valuation, which will be priced at 2.51%.

It will also cut rates on selected 75% LTV two- and five-year fixes — following this, its five-year fixed rate product will be available at 2.49% for both house purchases and remortgages, which comes with a £1,995 fee, £250 cashback and free standard valuation.

In addition, rates will go up by 8 basis points for selected 60% and 65% LTV options, while prices for some 80% LTV will be increased by 5 basis points.

The intermediary-only lender has also extended product end dates until 30th September, to ensure the best possible value for brokers and their clients.

Simon Garner, BTL mortgage manager at Accord Mortgages, said: “We’re pleased to have been able to reduce our BTL mortgages at 65 and 75% LTV to help landlords benefit from better value, but in light of changing market conditions we’ve also had to increase selected rates.”

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