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Thursday, September 08, 2016

New BTL trackers offer flexibility

Some new 2 year tracker rates with a free valuation and no ERCs provide a flexible solution for landlords.There are free legals also for remortgages.

Accord has launched two new 2 year tracker rates for buy-to-let clinets with no Early Repayment Charges ( ERCs)  and a free valuation. The rental calculation is 125% at 5.50%.

At the end of the deal period, customers will revert to the lenders Standard Variable Rate less a discount of 1.75% ( currently 4.04%) until the 5th anniversary.

As no ERCs apply during this period, customers can at their leisure, sell their property, remortgage to another lender, switch to another Accord product or remain on the discounted rate. In the current uncertain market conditions, these products offer a high degree of flexibility for landlords.

Accord tracker product details
  • 2.69% 2 year tracker up to 65% LTV
  • 2.90% 2 year tracker up to 75% LTV
  • Reverts to SVR less a discount of 1.75%( currently 4.04%) until 5th anniversary
  • Rental calculation of 125%
  • Free standard valuation for purchases and remortgages
  • Free legal fees for remortgages only
  • No Early Repayment Charges
  • £130 booking fee
  • £300 completion fee
  • An application fee will normally apply
To discuss you mortgage requirements please contact the Support Team on:
Tel: 029 2069 5446
Your home may be repossessed if you do not keep up repayments on your mortgages.  
The Financial Services Authority does not regulate some forms of mortgage.

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