Accord Buy to Let increases maximum LTV to 80%
Accord Buy To Let is re-launching its product range at 80% loan-to-value (LTV) for both remortgage and house purchase landlords.
A new range of highly competitive products will be launched at 8am on Friday 5 June to support the changes. The buy-to-let lender is now returning to offering its full range of LTV products following the forced changes at the end of March.
For brokers with landlord clients wanting to remortgage, products include:
- Two-year fixed rate at 2.76% at 80% LTV with £950 product fee, free standard valuation and either £250 cashback or Accord’s re-mortgage legal service included
- Five-year fixed rate at 3.20% at 80% LTV with £950 product fee, free standard valuation and either £250 cashback or Accord’s remortgage legal service included
For landlords wanting to purchase, the range includes:
- Two-year fixed rate at 2.89% at 80% LTV with £950 product fee, free standard valuation and £500 cashback
- Five-year fixed rate at 3.25% at 80% LTV with £950 product fee, free standard valuation and £500 cashback
Physical valuations are required and will be obtained where possible according to Government guidelines. If we are unable to carry out a physical valuation we will process the case as far as we can and place it on hold until we can carry out a valuation.
Jeremy Duncombe, Director of Intermediary Distribution at Accord Mortgages, said:
Not only have we been able to re-launch our 80% LTV range, but we’re offering a very competitive choice of products to landlords with smaller deposits.
This latest launch sees our Buy To Let product offering back to where it was at the start of the year, which is a huge achievement in such a short space of time and we thank all brokers for their support and patience over the last few weeks.
To view the current Accord product range here .