Accord applies reduction to BTL remortgage deals

Accord has made 0.20 per cent reductions on select buy-to-let remortgages.

The loans are available to standard investor landlords as well as non-investor landlords following Accord’s announcement last week that it was re-entering the consumer buy to let market.

Rates now start at 1.76 per cent, with a £1,995 product fee, for those looking for a two-year fixed rate remortgage loan at 75 per cent LTV

For those borrowing lesser amounts, options include a 2.25 per cent two-year fixed rate with a £950 product fee, free legal assistance and free standard valuation.

Three other two-year fixed rate remortgage products at 75 per cent LTV have also benefited from a 0.20 per cent reduction and feature a range of options including free legal assistance, free valuation or cashback on completion.

Accord Buy to Let’s commercial manager Chris Magg says: “These 0.20 per cent reductions will give brokers the chance to proactively contact landlords who may be looking to refinance some or all of their mortgage portfolio.

“With the new taxation rules being phased in earlier this month this is an ideal time for landlords to reassess their financial commitments.

“These new products sharpen our buy to let range even further and having re-entered the consumer buy to let market we expect a very active time ahead.

“We’re sure these reductions will prove very popular and the additional features will really appeal to landlords who want to reduce their outgoings when remortgaging.”