Another lender reduces Buy To Let mortgage rates

Accord Mortgages is this week cutting prices across its buy-to-let product range by 0.08%.

Highlights of the change include:

• A three-year fixed-rate mortgage up to 60% LTV for remortgage purposes at 4.32% (was 4.40%), with a £995 Fee, free standard valuation and remortgage legal services;
• A two-year fixed rate to 80% LTV, also for remortgage, at 4.87% (was 4.95%), with a £995 Fee, free standard valuation and remortgage legal services;
• And a three-year fixed rate to 65% LTV for house purchase, at 4.42% (was 4.50%), with a £995 Fee and free standard valuation.

Cheryl Bleasdale, product manager at Accord, says: “We’re delighted to be able to seize an opportunity to offer even better value to our landlord clients.

“We understand the real cost pressures landlords currently face and will continue to do everything we can to help mitigate those wherever possible.”

Meanwhile Gatehouse Bank has announced a rate reduction of 0.12% on its two-year fixed term Buy-to-Let Purchase Plans for UK Expats and International Residents.

Changes apply on standard and green two-year products, including those for customers seeking finance for Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs). Gatehouse Bank accepts applications from individuals as well as UK-registered SPV Limited Companies.

Gemma Donnelly, Head of Customer Propositions at Gatehouse Bank, comments: “We remain committed to helping our customers achieve their goals and have introduced today’s changes with this in mind, aiming to support even more people seeking Shariah-compliant finance to purchase property in England or Wales.”

This article is taken from Landlord Today