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TODAY'S OTHER NEWS

Accord revamps entire buy-to-let range

Accord Buy To Let range has been relaunched with reduced rates, extended end dates and increased cashback on purchase products, with a view to offering a more competitive offering.

For landlords looking to purchase property, highlights include a two-year fixed-rate at 3.47%, reduced from 3.95%, which is available at up to 80% loan-to-value (LTV), subject to a £950 product fee, £1,000 cashback and free standard valuation. 

In addition, there is a three-year fee-free fixed-rate at 3.47%, down from 3.82%, offered at 80% LTV, with £500 cashback and free standard valuation. 

Thee is also a five-year fixed rate at 3.57%, previously 3.95%. at 80% LTV, with £950 product fee, £1,000 cashback and free standard valuation.

For those looking to remortagge, there is a two-year fee-free fixed-rate at 2.24%, which was 2.46%, availble at 75% LTV, with £250 cashback and free standard valuation

There is also a three-year fee-free fixed-rate at 3.47%, down from 3.82%, at 80% LTV, with £250 cashback and free standard valuation. 

The five-year fixed rate deal has been reduced to 2.32%, from 2.5%, at 75% LTV, with £195 product fee, £250 cashback and free standard valuation.

Simon Garner, Accord Buy To Let product manager, said: “This refresh has been a chance to review our full range and ensure we are meeting the needs of landlords, whether they are in the market for a new addition to their portfolio, or looking at remortgaging on existing properties. 

“We’ve been able to reduce rates to offer more competitive products as well as increase many of our house purchase cashback incentives from £250 to £500.

“We’ll continue to monitor the market post-election and as always, we are happy to discuss individual cases with brokers if they have specific questions about affordability or criteria.”

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