Accord Buy To Let announces new rate reductions

Accord Buy To Let has announced it is reducing several rates and will be improving its incentive offerings on selected products across its range.

The refresh will see 11 of the lender’s products updated, with the changes effective from 8am on Thursday 10 December.

Remortgage highlights include a two-year fixed rate at 1.74% – which was 1.84% – at 65% LTV, as well as a two-year fixed rate at 1.82%, which had been 1.89%, also at 65% LTV. Each product comes with a £1,495 completion fee and free valuation.

Accord also revealed that for purchase customers, products now available include a two-year fixed rate at 3.98% at 80% LTV which also comes with cashback of £1,500 – up from £250 – as well as a five-year fixed rate at 2.00% at 65% which comes with cashback of £500. Both of these products come with a £1,995 completion fee and free valuation.

“To ensure we can continue to offer as competitive a range of products to landlords as possible, we have reviewed the range and made a number of adjustments to rates and incentives,” said Accord Buy To Let product manager, Simon Garner.

“We hope the refresh will be well received by brokers looking to secure the best purchase and remortgage deals for their clients.”

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