Accord cuts rates by up to 84bps and bolsters BTL product range

The new products include fee-free two-year fixes starting at 6.80% and tracker products for those wanting greater flexibility and the potential to benefit from the current lower-market pricing on variable-rate deals, as well as any future BBR reductions.

The range is available from 8am tomorrow (Friday 4th August 2023) with highlights including:

• Five-year fixed rate at 80% LTV and 6.13% (down from 6.97%), suitable for those remortgaging with a £995 completion fee, £250 cashback and free standard valuation
• New fee-free two-year fixed rate at up to 60% LTV and 6.80%, for those remortgaging with free standard valuation
• New two-year fixed rate at up to 60% LTV and 6.43%, with £500 cashback for those purchasing a property, or a choice of £250 cashback or remortgage legal services for those remortgaging — both of which come with a £1,495 fee and free standard valuation
• New two-year tracker at up to 60% LTV and 5.22%, suitable for both house purchase and remortgage with a £1,995 completion fee

 

The lender has also taken the opportunity to extend product end dates to 31 October, to give maximum product term value to brokers and their clients.

Simon Garner, BTL mortgage manager at Accord, commented: “We’re reducing rates on selected products in response to changing swap rates and market conditions, to ensure our products remain as competitive as possible in a fast-changing environment.  

“The range has also been broadened to appeal to a wider range of landlords, and we hope it will be well received, especially in the current climate.”