Who Can Apply for these Accord Transfer Rates?
- The rates on this page are available to existing Accord Buy to Let mortgage customers only.
- The property must be let out and must not be occupied by the borrower - vacant properties are not eligible for a product transfer.
- Minimum mortgage balance for transfer £10,000.
Loan to Value and Property Valuation
- Eligibility for a rate is driven on the mortgage balance compared with the property value.
- Accord normally estimates the property value using its house price index.
- A revaluation can be requested if the current estimated value appears inaccurate.
- A non-refundable revaluation fee may apply.
Fees and Charges
- Product fees must be paid before completion or added to the mortgage.
- Adding a fee to the mortgage increases the loan balance and monthly payments.
- A mortgage or redemption administration fee may apply if the mortgage is fully repaid.
Early Repayment Charges
- Charges may apply if the mortgage is repaid, transferred or switched during the early repayment charge period.
- Up to 10% of the mortgage balance can usually be repaid each year without charge.
- Any repayment above the permitted allowance may incur an early repayment charge on the excess amount.
Product Transfer Conditions
- The account must not have more than one month’s arrears at the time of offer and transfer.
- The property must comply with relevant legal, repair, maintenance, health and safety requirements.
- For leasehold properties, the lease terms must be followed.
Portability
- Accord Buy to Let product transfer products are not portable and cannot be moved to another property.
Follow-On Rate
- After the initial deal period, the mortgage normally reverts to Accord’s Buy to Let Standard Variable Rate unless another product is arranged.