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Accord Mortgages will cut rates on its Buy to Lease (BTL) products on all loans by value (LTV), including a cut to 0.29%.
In addition, the lender extends the deadline until 31 August.
Starting March 23 at 8:00 AM, the free five-year 75% LTV fix that can be remortgaged will be reduced by 0.29% to 5.01%.
This also includes a free standard valuation and a choice of £250 cashback or free remortgage legal service.
A five-year fix at 75% LTV for both re-mortgage customers and homebuyers would fall by 0.25% to 5.31%. This includes a £1,995 fee, a free standard appraisal and £250 cashback, plus the added benefit of no early redemption fees (ERC).
A five-year fix at 60% LTV for remortgage customers would be 4.60% less than 4.73%. This includes a £1,995 fee, a free standard valuation and the option of a £250 cashback or free remortgage legal service.
The free two-year fixed payment of 60% LTV on the purchase of a house will be reduced by 5.61% from 5.74%. This includes a free standard estimate and £500 cashback.
Accord BTL Mortgage Lending Manager Simon Garner says: “We are pleased to be able to cut rates across our buy-to-rent range during a difficult time for landlords.”
“By maintaining our product range as competitive as possible, we continue to support brokers and their rental clients in a very fast changing market.”
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