Accord Mortgages cuts two-year BTL rates by up to 58bps | Mortgage Strategy

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Accord Mortgages has cut rates in its buy-to-let range, across all loan-to-values up to 75%, by up to 58 basis points. 

The intermediary-only lender says highlights of the new range include: 

  • A two-year fixed-rate deal of 5.64% (down by 58bps) up to 65% LTV, available for both house purchase and remortgage, with a £1,495 fee, free standard valuation and £150 cashback 
  • A two-year fixed-rate offer of 5.70% (down by 56bps) up to 75% LTV, available for both house purchase and remortgage, which comes with a £1,495 fee, free standard valuation and £150 cashback 
  • A five-year fixed-rate loan of 5.45% (down by 10bps), up to 60% LTV, available for both house purchase and remortgage, which comes with a £2,495 fee, free standard valuation and £250 cashback 

The firm has also introduced a new range of five-year fixed-rate loans with no early repayment charges, with rates starting at 6.26% at 60% LTV, which comes with a £2,495 fee and free standard valuation for house purchase and remortgage clients. 

Accord BTL mortgage manager Simon Garner says the company’s rate reductions “as well as reintroducing early repayment charges-free products, provide landlords with greater flexibility”. 

Also, earlier this week, Accord widened its Cascade Score range of mortgages, which it says allows the firm to reach more underserved borrowers 

The lender will now offer the range to brokers for remortgage clients, as well as home loan purchases. 

The Cascade Score range was introduced in April to give an alternative option to advisers whose clients don’t meet Accord’s higher loan-to-value scorecard, but do meet its standard scorecard.   


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