Accord reduces buy to let remortgage rates.

Intermediary lender Accord has announced that it’s cutting remortgage rates for landlords, which will now be 0.15% cheaper. 

Selected reduced rate 2 year fixed deals are now available for landlords with 25% equity, at a fee level of either £800 of £2,495.

75% LTV remortgage range highlights include:

• A 2 year fix at 2.33% with a £2,495 product fee.
• A 2 year fix at 2.49% with a £2,495 product fee. Incentives include a free standard valuation and legal fees.
• A 2 year fix at 2.49% with a £2,495 product fee. Incentives include a free standard valuation and £300 cashback on completion.
• A 2 year fix at 2.64% with a £800 product fee.
• A 2 year fix at 2.89% with a £800 product fee. Incentives include a free standard valuation and either free standard legal fees or £300 cashback on completion.

At the end of the agreed mortgage term the lender advises that mortgage-holders can either revert to the discounted reversion rate of 4.04% for a further 3 years, or can transfer to another competitively priced product available for existing Accord borrowers.

At the end of 5 years landlords will revert to a SVR rate of 5.79%.

If you would like to review this range in more detail, and would like a comparison against other lenders products in the wider market, call us at Deal Direct on 0800 048 8828. We specialise in sourcing competitive remortgage products for landlords.

Please note that Deal Direct is regulated to offer mortgage advice by the FCA, however we are not regulated to offer general financial advice. If you want to discuss buy to let as an investment, you will need to contact an independent financial adviser.

• Not all BTL mortgages are regulated by the FCA.

Speak to an adviser on 0800 048 8828.