MortgagesNov 6 2015

Accord reduces BTL rates

Search supported by
Accord reduces BTL rates

Accord buy-to-let has reduced rates across its 75 per cent LTV range and introduced cash incentives for landlords.

The rate changes follows a review of is BTL mortgages, with the company hoping the new rates will appeal to landlords and brokers.

Key features:
■ Two-year fixed rate mortgages are available with a deposit of 25 per cent at either 3.19 per cent with no product fee, or at 2.84 per cent with an £800 fee
■ Also on offer is a two-year tracker mortgage at 1.89 per cent for 60 per cent LTV customers
■ Both products come with a £500 cashback on completion, with a choice of free standard legal work and standard valuation, or £300 cashback on completion and free standard valuation

Adviser view:

Phil Anderson, director of Aberdeen-based Phil Anderson Financial Services, said: “Accord does not provide buy-to-let mortgages in Scotland. These new rates are really competitive so it is a pain that Accord doesn’t do BTL up here, as the BTL market in Aberdeen is very strong and these deals would be really great.”