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TODAY'S OTHER NEWS

Accord withdraws BTL products and cuts rates

Accord has withdrawn 18 buy-to-let mortgage products, but has reduced rates by up to 16 basis points on selected buy-to-let deals that are either new or still exist. 

The withdrawn products are from across its remortgage and property purchase range, including two, three and five-year fixes between 60% and 75% loan-to-value (LTV).

The changes to its buy-to-let range include a reduction of up to 0.08% on 75% LTV remortgage rates, while end dates will be extended to September 30 across the full buy-to-let range.

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In addition, cashback on purchase deals will cut from £500 to £250 where the LTV is 75% or less.

 

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