HomePERSONALAccord cuts BTL rates by up to 0.15%, The Cumberland lowers remo...

Accord cuts BTL rates by up to 0.15%, The Cumberland lowers remo fees – Mortgage Strategy

Accord Mortgages has made cuts across to its buy-to-let (BTL) product range by up to 0.15%.

These latest reductions from the intermediary-only lender include a discount of as much as 0.15% on two- and five-year fixed rates.

Three-year fixes have been cut by up to 0.10%, and two-year tracker option rates have also been lowered by up to 0.15%.

The lender has also trimmed fees from £3,495 to £1,995 on selected three-year fixed rates.

Highlights of the range include a two-year fixed rate at 4.19%, down from 4.29% for those remortgaging up to 60% LTV, which comes with a £3,495 fee, free standard valuation and remortgage legal service.

In addition, there is a three-year fix at 4.59%, lowered from 4.64% for house purchasers and those remortgaging at 65% LTV, which comes with a £995 fee, £250 cashback and free standard valuation.

The lender will also offer a two-year fixed rate at 4.54%, cut from 4.64% for those remortgaging up to 75% LTV, which comes with a £1,995 fee, free standard valuation and remortgage legal service.

And a five-year fixed rate at 5.04%, reduced from 5.19% for those remortgaging up to 80% LTV, which comes with a £995 fee, free standard valuation and remortgage legal service.

Accord BTL mortgage manager Aidan Smith says: “We’re so pleased to reduce rates across the range, delivering the best possible value to our brokers and their landlord clients.”

“These changes are designed to benefit a variety of landlord borrowers, from those looking for a shorter fix to those preferring something longer-term, as well as those who prefer the alternative offered by a tracker option.”

Meanwhile, The Cumberland for Intermediaries has reduced the remortgage fee on all core holiday let products from £999 to £299.

The change applies across the lender’s core holiday let range to support brokers working with clients who own holiday let property within sole trader or partnership entities with three or less mortgaged properties within their ownership.

The fee reduction aims to make it easier for holiday let owners to secure financing, without higher upfront costs.

The Cumberland senior sales manager for intermediary lending Lisa Hodgson comments: “We know that cost is a key factor, and cutting our remortgage fee on the core range to £299 is a direct response to what we’re seeing in the market. Keeping upfront costs low makes refinancing more accessible, helping holiday let owners manage their investments more effectively.”

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