Accord announces cuts on remortgage products

Accord Buy-to-Let has today announced that it has made a reduction of 0.20% across a selection of its remortgage products.

These loans are available to standard investor landlords, alongside non-investor landlords and follows the announcement last week that it was re-entering the consumer buy-to-let market. This is in order to support borrowers who have let their only investment property where they or a family member previously lived.

Rates

Rates now begin at 1.76%, with a product fee of £1,995, for investors looking for a two-year fixed rate remortgage loan at 75% LTV.

For those borrowing lesser amounts, some options include a 2.25% two-year fixed rate with a £950 product fee, free legal assistance and free standard valuation.

Three different two-year fixed rate remortgage products at 75% LTV have also benefitted from a 0.20% reduction. These feature a range of options including free legal assistance, free valuation and cashback on completion.

Accord announces cuts on remortgage products

Connectivity

Chris Maggs, Accord Buy-to-Let’s Commercial Manager, noted: ‘These 0.20% reductions will give brokers the chance to proactively contact landlords who may be looking to refinance some or all of their mortgage portfolio. With the new taxation rules being phased in earlier this month this is an ideal time for landlords to reassess their financial commitments.’[1]

‘These new products sharpen our buy to let range even further and having re-entered the consumer buy to let market we expect a very active time ahead. We’re sure these reductions will prove very popular and the additional features will really appeal to landlords who want to reduce their outgoings when remortgaging,’ he added.[1]

[1] http://www.propertyreporter.co.uk/finance/accord-announce-cuts-on-remortgage-products.html