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TODAY'S OTHER NEWS

Accord expands BTL range and reduces rates

Accord Buy To Let is introducing 14 new mortgage products as part of a full range refresh to offer buy-to-let landlords more choice.

The lending subsidiary of Yorkshire Building Society is also reducing rates and extending end dates in a move designed to support BTL landlords. 

The existing range will be withdrawn at 6pm on Friday 31st July and the new products launched at 8am on Monday 3rd August.

Simon Garner, product manager at Accord Buy To Let, commented: “The market is changing and many landlords will be reviewing their options.”

Two-year fixed rates for those looking to purchase property start from 1.39% at 60% loan-to-value (LTV) with a £1,995 fee. 

Meanwhile, a five-year fixed rate product is available at 2.09% up to 65% LTV with a £495 fee.

For remortgage, borrowers can choose a 1.33% two-year fixed rate at 60% LTV with a £1,995 fee or a five-year fix at 2.09% up to 65% LTV with a £495 fee

In addition, Accord has reduced rates on a number of products, with highlights including a two-year fixed rate which has reduced from 2.04% to 1.88% at 75% LTV with a £950 fee and free valuation.

For remortgages, a two-year fixed rate is available at 1.76%, down from 1.85%, at 75% LTV with a £1,495 fee, remortgage legal service and free valuation.

Garner added: “To ensure we can offer a comprehensive choice of products for brokers we have refreshed the whole range including extending end dates until 31st December and hope this provides support to landlords over the coming months.”

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