Accord rings in the new year with BTL product changes | Mortgage Strategy

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Accord Mortgages has made a series of changes to its buy-to-let (BTL) line up, including both rate increases and decreases.

Highlight cuts include the 80% LTV two-year fix with £995 and £250 cashback for purchase and remortgage, which has received a 20 basis point reduction, taking the rate to 2.67%.

And the 80% LTV discount variable rate with £995 fee has also had a 20 basis point cut, which takes its initial rate to 2.47%.

Rate increase take place by up to 6 basis points in the 60% LTV category, by up to 9 basis points at 65% LTV, and by up to 14 basis points at 75% LTV.

Meanwhile, rate increases of 15 basis points will occur for discounted rate products at 60% LTV, 65% LTV, and 75% LTV.

Accord BTL mortgage manager Simon Garner comments: “We’re pleased to be able to reduce our higher LTV BTL mortgages to help landlords with less equity benefit from improved choice, but in light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges.”


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