Accord Mortgages withdrawn buy to let mortgage range.
Accord Mortgages have made changes to their range of buy to let mortgage products, with various deals being withdrawn. In total 14 products have been withdrawn, however the lender advises that they may be re-introduced at a later date.
Launched in 2003 by the Yorkshire Building Society, Accord Mortgages are only available through intermediaries and mortgage brokers such as Deal Direct.
The affected buy to let mortgage products are 2 and 3 year fixed and tracker products at various loan to value levels. Accord advise that no other products will be affected.
While Accord have withdrawn their range other lenders buy to let deals are available.
HSBC have a 2 year fixed buy to let discount product offered for 60 % LTV at 1.99 % with a £1499 fee.
Norwich and Peterborough have a 2 year tracker buy to let product offered for 75 % LTV at 1.99 % above the BOE base rate with a £795 fee.
Chelsea Building Society have a 3 year fixed buy to let deal offered for 70 % LTV at a rate of 2.79 % with a £1,895 fee.
Competition amongst lenders for buy to let mortgage business is increasing which should mean a greater choice of products in 2012. Contact Deal Direct as we can find you the best buy to let deal available.
