Accord reprices BTL product transfers | Mortgage Strategy

Img

Accord is repricing its buy-to-let product transfer range on Friday with a mixture of rate increases and reductions.

Its current range will be available until 6pm on Thursday.

Accord is making major reductions on the following two deals:

  • At 80% LTV, two-year fixed rate with no fee is being cut by 48 basis points from 3.48% to 3%
  • Also at 80% LTV, five-year fixed rate with no fee is reducing by 36 basis points from 3.51% to 3.15%

The lender is making small reductions to the following deals:

  • At 75% LTV, two-year fixed with £950 fee is being cut by 2 bps to 1.87%
  • At 75% LTV, two-year fixed with £1,495 fee is being cut by 4 bps to 1.71%

Accord is increasing the following rates at 60% LTV:

  • Two-year fixed with no fee is being increased by 5 bps to 1.95%
  • Five-year fixed with no fee is being increased by 5 bps to 2.05%
  • Five-year fixed with £950 fee product is being increased by 5 bps to 1.85%
  • Five-year fixed with £1,495 fee product is being increased by 7 bps to  1.82%

The lender pays procuration fees of 0.3% on product transfers.


More From Life Style