Accord Mortgages Buy to Let Rate Increases: What UK Landlords Need to Know

Introduction: Important Buy to Let Rate Changes at Accord Mortgages

If you’re considering a buy to let mortgage or remortgage, be aware that Accord Mortgages will shortly increase rates across key buy to let products. These updates reflect continued volatility in the UK mortgage market and will affect both new and existing landlord applicants. Here, we break down what’s changing, who it impacts, and how you can act fast to secure the best available rates.

Key Updates to Accord Mortgages Buy to Let Rates

• Effective Date: The new product range launches at 8am on Thursday, 4 September. Existing deals are withdrawn at 10pm on Wednesday, 3 September.
• 5-Year Fixed Increases: Rates on 5-year buy to let mortgages at 60%, 65%, and 75% loan-to-value (LTV) will rise by 0.12%.
• 80% LTV Products: All 80% LTV buy to let mortgages increase by 0.16%.
• No change to tracker rates and no change to 2-year fixed rates at 60%, 65%, and 75% LTV.

Any full mortgage application must be submitted before the withdrawal cut-off to secure existing lower rates.

Impact on Buy to Let Borrowers

These upward rate adjustments directly affect both first-time landlords and experienced property investors seeking new buy to let mortgages or remortgages through Accord Mortgages. The increase will result in higher monthly repayments for affected products.

• Landlords with higher LTV requirements (especially at 80%) will see the most significant rate rise.
• Tracker and 2-year fixed rate seekers experience no changes—an opportunity for those prioritising lower upfront costs or shorter deals.

Actions for Applicants: How to Secure Current Rates

1. Submit a full mortgage application by 10pm on Wednesday, 3 September to secure withdrawn rates.
2. Product selection occurs at full application (not at Decision in Principle stage). Ensure applications are progressed quickly with all supporting documents to avoid delays or cancellations.
3. Use Accord Mortgages’ rental calculator to assess maximum lending—especially important due to rate impacts on affordability.

If documents are not supplied within 7 days, applications may be cancelled—prompt documentation is critical for successful submission.

Special Features and Promotions

• Refer a Friend Offer: Refer a friend who completes an application with us and receive a £30 Amazon voucher. Just provide their contact details to our team.
• Comprehensive Product Access: As whole-of-market brokers, we can compare all mortgage deals available from Accord and other leading UK lenders.

Contact our expert team on 02392006428 for tailored advice and fast-tracked applications.

Why Choose Accord Mortgages for Buy to Let?

• Trusted UK Lender: Part of Yorkshire Building Society, Accord Mortgages is well-known for providing reliable landlord mortgage products and specialist lending support.
• Flexible Criteria: Competitive options for both individual and portfolio landlords, with useful tools to match borrowing needs to rental yield requirements.
• Clear Timelines: Regular updates and transparent product changes help you plan finance applications with confidence.

Next Steps: Speak to an Expert Adviser

The UK buy to let mortgage market moves quickly—and rate changes like these can impact affordability and investment returns. Secure the best available deal for your landlord ambitions by contacting our brokers today.

Don’t miss out: Act now to submit your Accord Mortgages buy to let application before the deadline, or let us compare all the latest products for you. Call 02392 006428 to get started.

FAQs: Buy to Let Mortgage Rate Updates

• Who qualifies for the affected Accord buy to let products?
  Both individual and portfolio landlords applying for new buy to let mortgages or remortgages. Specific criteria may apply for maximum LTV and rental income requirements.
• How do these rate changes affect my monthly repayments?
  Any affected 5-year fixed or 80% LTV applications may see monthly payments rise slightly due to higher interest rates. Use our calculators or consult our advisers to see your exact figures.
• Is Accord Mortgages suitable for first-time landlords or experienced investors?
  Yes, Accord Mortgages provides products for both new and seasoned landlords, with flexible lending criteria and support for portfolio expansion.
• How can I apply or check if I qualify for the best rates?
  Apply through our online portal or contact our brokers directly for a free consultation. Fast submission increases chances of securing lower pre-change rates.
• What happens if I don’t submit my full application on time?
  You’ll miss out on the current rates and be subject to the new, higher rates from Thursday, 4 September. Timely submission is essential.