9:20 AM, 8th August 2024, About 5 months ago
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Accord Mortgages has announced further reductions to its buy to let product range, with cuts of up to 0.15% across all loan-to-value tiers up to 75%.
The latest changes see two-year fixed rates decrease by 0.15%, with reductions of up to 0.10% for three and five-year fixes.
Landlord clients favouring tracker options will also benefit from discounts of up to 0.15% on two-year products up to 75% LTV.
Accord’s buy to let mortgage manager, Aidan Smith, said: “We’re so pleased to respond to market conditions and pass on the benefit of swap rates falling to our brokers and their landlord clients.
“Extending product end dates also provides the opportunity for borrowers to take advantage of the best possible product terms.”
Highlighting the new range, Accord offers a two-year fixed rate at 4.79% (previously 4.94%) for remortgage clients at 60% LTV, complete with a £1,995 fee, free standard valuation, and remortgage legal service.
A two-year fixed rate at 5.04% (previously 5.19%) is available at 75% LTV for both house purchase and remortgage, including a £995 fee, £250 cashback, and free standard valuation.
For those remortgaging at 60% LTV, a five-year fix at 4.39% (previously 4.49%) is on offer, coupled with a £3,495 fee, free standard valuation, and remortgage legal service.
Also, a two-year variable tracker rate at 5.84% (BoE Base rate + 0.84%) – previously 5.99% – is available at 75% LTV for house purchase and remortgage clients, including a £995 fee, £250 cashback, and free standard valuation.
To maximise product term value for brokers and their clients, the intermediary-only lender is extending product end dates until the end of November.
Meanwhile, InterBay, part of OSB Group, has introduced changes to its semi-commercial and commercial product ranges, featuring new limited edition remortgage products, substantial rate reductions, cashback options, and 5% arrangement fee products.
The new Commercial Core Range includes limited edition remortgage products, 1% cashback options, and the lowest rate of 7.09% across the entire range.
The new Semi-Commercial Core Range offers limited edition remortgage products, 1% cashback options, and the lowest rate of 6.09% across the entire range.
Marc Callaghan, the head of specialist lending, said: “Following a period of relative stability, we’ve enhanced and expanded the InterBay product range to provide improved options for our broker partners.
“Having successfully piloted cashback with our select partners earlier this year, we’re now rolling this out across our entire semi-commercial and commercial ranges.”
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