Accord adds new products; rejigs rates - Mortgage Strategy

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Accord is making a host of changes to its buy-to-let product line up from Monday next week, including product launches and rate changes.

For investors looking to purchase, the lender is issuing two new 75 per cent LTV two-year fixes at 1.70 per cent and 2.04 per cent. Fees come in at £950 and £1,995 and both products feature £250 cashback.

It will also be launching four new 80 per cent LTV two- and five-year fixes starting at 2.84 per cent and 3.09 per cent. These command fees between £495 and £1,995 and come with £250 cashback, too.

As well as this, Accord is launching three 75 per cent LTV remortgages on two-year fixes, starting at 1.69 per cent, with one product having its legal costs paid for by Accord, and eight 80 per cent LTV deals on two- and five-year fixes, starting at 2.78 per cent and 3.09 per cent. Product fees between £495 and £1,995 will apply, and borrowers will also receive £250 cashback.

Accord adds that a selection of 75 per cent LTV two- and three-year purchase and remortgage products will be enjoying a 0.10 per cent rate cut alongside the 80 per cent LTV five-year purchase product having its rate trimmed by 0.04 per cent.

However, there will be rate increases too – from next week, selected 80 per cent LTV two- and five-year purchase and remortgage products will see up to 0.23 per cent added to their rates.


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