To further demonstrate Accords commitment to the Buy to Let market they’re introducing a lower rate rental calculation from today, available for straight switch re-mortgages where no additional capital is being raised.

The new ICR/ICRR rates are as follows:

Basic & Zero Rate Taxpayers – £for£ re-mortgage

All Products – 125% @ 4.5%

Higher & Additional Rate Taxpayers – £for£ re-mortgage

< 5-year products – 140% @ 4.5%

= 5-year products – 145% @ 4.0%

The higher of the above ICRR rates or product rate + 2% for <5-year products and product rate + 1% for >= 5-year products will apply.

All other ICR/ICRR rates remain unchanged and can be found here. Alternatively, brokers can use the handy Accord rental calculator.

When choosing Accord you can be sure you’ll get the Buy to Let service you need to support your landlord clients, all backed up with their promise to look at your cases with good old common-sense in mind.

So, next time you have a Buy to Let client, give Accord a go and be confident you’ll get a Buy to Let lender, not just a lender that does Buy to Let.

The Accord Mortgage team

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