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Accord overhauls buy-to-let range

Accord has introduced 17 new mortgage deals as part of an overhaul of its buy-to-let  range.

The lender says it has reduced rates by up to 0.35 per cent on selected deals, and has enhanced its two-year fixed rate range.

Among the new deals available is a two-year fix at 1.64 per cent, available to both purchase and remortgage customers with a 40 per cent deposit.

However, while it has introduced new 60 per cent LTV deals, it has also withdrawn a number of mortgages at 65 per cent LTV. This includes a couple of two-year fixes at 1.89 per cent (available for both purchase and remortgage).

The intermediary-only lender says these had been superseded by newer products, including a two-year fix at 1.88 per cent – available up to 75 per cent LTV.

As well as revamping its fixed-rate range, Accord has also launched new tracker deals with no early repayment charges.

These includes a two-year tracker at 2.04 per cent (65 per cent LTV), or 2.29 per cent (75 per cent LTV).  Both mortgages are available to landlords remortgaging or extending their portfolio. They have a £950 fee and free valuations

Accord has also cut upfront fees on selected mortgage deals. On some options the product fee has been cut from £1,995 to £1,495, while mortgages which previously had a £450 fee will now be fee free.

Accord Buy-to-Let’s commercial manager Chris Maggs says: “We believe these new products provide landlords with some of the most competitive products in the market.”

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