Accord Mortgages is slicing charges on it’s buy-to-let merchandise by as much as 0.40%.
The middleman arm of Yorkshire Constructing Society is introducing the merchandise from 8am Tuesday 31 October, decreasing choose three-year merchandise at 60% loan-to-value (LTV) by as much as 0.40%, with five-year merchandise additionally lowered by as much as 0.20% at 80% LTV. Two-year merchandise see a discount as much as 0.25% at 80% LTV.
Highlights of the brand new vary embody:
- A 3-year mounted fee at 5.49% (was 5.89%) at 60% LTV which comes with a £995 charge, free customary valuation and £250 cashback
- A two-year mounted fee at 5.54% (was 5.64%) at 60% LTV which comes with a £1,995 charge, free customary valuation and remortgage authorized service
- A five-year mounted fee at 5.34% (was 5.44%) at 65% LTV which comes with a £995 charge, free customary valuation and remortgage authorized service.
The intermediary-only lender has additionally prolonged product finish dates to twenty-eight February, to supply most product time period worth to brokers and their shoppers.
Accord buy-to-let product supervisor Aidan Smith says: “We’re delighted to have the ability to scale back chosen charges throughout our buy-to-let product vary and assist landlords who – we’re acutely conscious – are discovering issues a problem in the mean time.
“We pleasure ourselves on supporting the buy-to-let sector, and take any alternative the place we will to cut back charges and make our merchandise extra aggressive for brokers and their landlord shoppers.”