Accord withdraws 18 BTL deals and trims rates - Mortgage Strategy

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Accord is cutting rates on selected buy-to-let deals by up to 16 basis points tomorrow, but it is also withdrawing 18 products from sale.

The changes will take place from 6pm tomorrow, with new products launched at 9am on Thursday.

Among the changes to its buy-to-let range are:

  • At 75 per cent loan-to-value remortgage rates will reduce by up to 0.08 percentage points.
  • At 60, 65 and 70 per cent LTV house purchase deals will reduce by up to 0.16 percentage points.
  • End dates will be extended to September 30 across the full buy-to-let range.
  • Cashback on purchase deals will reduce from £500 to £250 where the LTV is 75 per cent or less.

The 18 buy-to-let products which are being withdrawn and not replaced are from across its remortgage and house purchase range, including two, three and five-year fixes between 60 and 75 per cent LTV.


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