Accord cuts buy-to-let remortgage rates

Accord cuts buy-to-let remortgage rates

Accord Buy to Let has made reductions of 20 basis points on selected remortgage products.

The loans are available to standard investor landlords as well as non-investor landlords.

Rates now start at 1.76%, with a £1,995 product fee, for those looking for a two-year fixed rate remortgage loan at 75% loan to value (LTV).

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

Three other two-year fixed rate remortgage products at 75% LTV have also benefited from a 20bps reduction and have a range of options including free legal assistance, free valuation or cashback on completion.

Chris Maggs (pictured), Accord Buy to Let’s commercial manager, said: “These 0.20% reductions [sic] 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.

“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.”