Accord Cuts BTL Rates - Property Investment

Accord Mortgages is giving landlords a chance to save on your buy-to-let (BTL) mortgages. They’ve just announced a round of rate cuts, with some products dropping by as much as 0.20%!

What’s Changed?

Accord is cutting rates across its entire BTL product range for loans up to 75% of the property’s value. This means you could be saving hundreds of pounds on your monthly mortgage payments.

Here are some of the highlights:

Two-Year Fixed Rate Remortgage: The rate has been slashed from 4.79% to 4.59% for loans up to 60% LTV. This product comes with a £1,995 fee, but you’ll also get a free standard valuation and free legal services for your remortgage.
Three-Year Fixed Rate Remortgage: This product’s rate has gone down from 4.89% to 4.74% for loans up to 75% LTV. It also comes with a lower fee of £995, free standard valuation and free remortgage legal services.
Five-Year Fixed Rate: There are two five-year fixed rate options. The first is at 4.64% (previously 4.79%) for loans up to 75% LTV and comes with a £995 fee, £250 cashback, and free standard valuation. The second option is at 4.24% (previously 4.39%) for remortgages up to 60% LTV, with a £3,495 fee, free standard valuation, and free remortgage legal services.

What Does This Mean for You?

These rate cuts are a huge win for landlords. They mean you can potentially:

Reduce your monthly mortgage payments: Saving money on your mortgage means more cash flow to invest in your properties or simply keep in your pocket.
Boost your profits: Lower mortgage payments can lead to higher returns on your rental investments.
Stay ahead of the curve: The housing market is always changing, and keeping your mortgage costs low can help you weather any storms.

Act Now!

Accord has already cut BTL mortgage costs earlier this month, and this latest round of reductions shows they’re committed to offering competitive rates.

So, if you’re thinking about remortgaging or taking out a new BTL mortgage, now is a great time to speak to a mortgage advisor. They can help you find the best deal available and make sure you’re getting the most out of your investment.