Accord Mortgages has announced new changes to its buy-to-let (BTL) mortgage range, with selected rate reductions and rate increases.
The changes are to take place from 9am on Friday 7 January, with selected products withdrawn at 8pm tonight to allow the rate changes to take place.
Accord is reducing all rates across its 80% LTV range by 0.20%, which will include a two-year fixed rate now priced at 2.67%, available for both house purchase and remortgage. The range also includes a discounted variable rate that has been cut to 2.47%, also available for both house purchase and remortgage.
The lender also confirmed it will increase selected fixed rate products at 60% LTV by up to 0.06%, all fixed rate products at 65% LTV by up to 0.09%, selected fixed rate products at 75% LTV by up to 0.14%, as well as discounted variable rate products at 60%, 65% and 75% LTV by 0.15%.
Accord BTL mortgage manager, Simon Garner, commented: “We’re pleased to be able to reduce our higher LTV BTL mortgages to help landlords with less equity benefit from improved choice, but in light of changing market conditions we’ve also had to increase selected rates across lower LTV ranges. As always, we’re letting brokers know about the upcoming changes in advance.”
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