YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU HAVE A BUY
TO LET PROPERTY, THEN ALTERNATIVELY A RECEIVER MAY BE APPOINTED (EXCEPT IN SCOTLAND) TO RECEIVE THE RENT
AND / OR TO SELL THE PROPERTY. AFTER SALE, YOU WILL REMAIN RESPONSIBLE FOR THE PAYMENT OF ANY MORTGAGE
SHORTFALL DEBT.
This factsheet provides the main features of the mortgage products available for Existing Borrower Transfers, as well as other important
information.
Please note that if you require further details of any particular product shown in this factsheet then you should ask us for an illustration.
Looking to change your existing mortgage product?
Then take a look at our products available for existing Accord Buy to Let borrowers. Please call us on 0345 848 0224.
Our products have limited availability and may be withdrawn at any time. After a product is withdrawn no further applications can be
accepted.
SVR - Accord Mortgages’ Buy to Let Standard Variable Rate - currently 7.99%
BoE - Bank of England Base Rate - Currently 5.00%
LTV - Loan to Value
APRC - Annual Percentage Rate of Charge
OUR MORTGAGE PRODUCTS
MORTGAGE PRODUCT AVAILABILITY
ABBREVIATIONS USED
Page 1 of 3
Buy To Let (BTL) Existing Borrower
Transfer Product Factsheet
BTL EBT Issue 113 - Eective from 29th August 2024
BUY TO LET EXISTING BORROWER - FIXED RATE TRANSFER PRODUCTS
LT V Product
Initial
Interest
Rate
Initial Rate
Period Until
Reverting to the
following rate for
the remaining term
The overall
cost for
comparison is
Product
Fee
Early Repayment
Charges
Product Code
Fixed Rates - Transfer Products (minimum loan £10,000)
60%
2 year xed rate
5.72%
31/01/2027
Currently
7.99% variable
(our Buy to Let SVR)
7.8% APRC
None
2.5% to 31/01/2026
2% to 31/01/2027
301899
5.42% 7.8% APRC
£495
301900
5.24% 7.7% APRC
£1495
301901
3 Year xed rate
5.42% 31/01/2028 7.5% APRC
None
3% to 31/01/2026
2.5% to 31/01/2027
2% to 31/01/2028
301902
5 year xed rate
5.07%
31/01/2030
7.0 % APRC
None
5% to 31/01/2026
4% to 31/01/2027
3.5% to 31/01/2028
2.5% to 31/01/2029
2% to 31/01/2030
301903
4.91% 6.9% APRC
£495
301904
4.75% 6.9% APRC
£1495
301905
65%
2 year xed rate
5.88%
31/01/2027
Currently
7.99% variable
(our Buy to Let SVR)
7.8% APRC
None
2.5% to 31/01/2026
2% to 31/01/2027
301906
5.50% 7.8% APRC
£495
301907
5.35% 7.7% APRC
£1495
301908
3 year xed rate
5.53% 31/01/2028 7.6% APRC
None
3% to 31/01/2026
2.5% to 31/01/2027
2% to 31/01/2028
301909
5 year xed rate
5.20%
31/01/2030
7.0 % APRC
None
5% to 31/01/2026
4% to 31/01/2027
3.5% to 31/01/2028
2.5% to 31/01/2029
2% to 31/01/2030
301910
5.00% 7.0% APRC
£495
301911
4.84% 6.9% APRC
£1495
301912
75%
2 year xed rate
6.00%
31/01/2027
7.9% APRC
None
2.5% to 31/01/2026
2% to 31/01/2027
301913
5.64% 7.8% APRC
£495
301914
5.42% 7. 8% APRC
£1495
301915
3 year xed rate
5.65% 31/01/2028 7. 6% APRC
None
3% to 31/01/2026
2.5% to 31/01/2027
2% to 31/01/2028
301916
5 year xed rate
5.30%
31/01/2030
7.1% APRC
None
5% to 31/01/2026
4% to 31/01/2027
3.5% to 31/01/2028
2.5% to 31/01/2029
2% to 31/01/2030
301917
5.10% 7.0 % APRC
£495
301918
4.95% 6.9% APRC
£1495
301919
80%
2 year xed rate
6.27% 31/01/2027 7.9 % APRC
None
2.5% to 31/01/2026
2% to 31/01/2027
301920
5 year xed rate
5.53% 31/01/2030 7.2 % APRC
None
5% to 31/01/2026
4% to 31/01/2027
3.5% to 31/01/2028
2.5% to 31/01/2029
2% to 31/01/2030
301921
BTL EBT Issue 113 - Eective from 29th August 2024
Page 2 of 3
Representative Example
Based on an assumed completion date of 31/01/25 a mortgage of £100,000 payable over 18 years, initially on our 5.42% xed rate until 31/01/27 followed by our Buy to Let
Standard Variable Rate (currently 7.99%), for the remaining 16 years, would require 24 monthly payments of £453.90 and 192 monthly payments of £669.13. The total amount
payable would be £239,861.56 made up of the loan amount plus interest of £139,366.56 plus a product fee of £495.00.
The overall cost for comparison is 7.8% APRC.
Note: What you will pay may vary from this and will depend on your personal circumstances.
LT V Product
Initial
Interest
Rate
Initial Rate
Period Until
Reverting to the
following rate for
the remaining term
The overall
cost for
comparison is
Product
Fee
Early Repayment
Charges
Product Code
Fixed Rates - Transfer Products (minimum loan £10,000)
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU HAVE A BUY
TO LET PROPERTY, THEN ALTERNATIVELY A RECEIVER MAY BE APPOINTED (EXCEPT IN SCOTLAND) TO RECEIVE THE RENT
AND / OR TO SELL THE PROPERTY. AFTER SALE, YOU WILL REMAIN RESPONSIBLE FOR THE PAYMENT OF ANY MORTGAGE
SHORTFALL DEBT.
Page 3 of 3
BTL EBT Issue 113 - Eective from 29th August 2024
Loan To Value (LTV)
Like many of the mortgage deals we currently have, our
Existing BTL Borrower Transfer products now take into account
your mortgage balance compared to the value of your property
(LTV). Since taking out your mortgage it is likely that your
property’s LTV has changed, for example because of capital
repayments or a decrease or increase in the value of your
property. Before selecting one of our products you need to
know that your current LTV does not exceed 75% LTV.
LTV and revaluation
We take into account your mortgage balance compared to
the estimated value of your property (LTV). We calculate
this estimated value by using our House Price Index, which
is recalculated every quarter. This is the gure which we use
when assessing your eligibility for our Existing Borrower
Transfer products unless you request a revaluation. You can
request a revaluation of your property to ascertain your
current LTV, if you feel that your property’s actual current value
is dierent to the estimated valuation on our records. Please
note that by requesting a revaluation you are not reserving
any of our mortgage products or interest rates. Products
can be withdrawn at any time and you will only be able to
choose from the range available once your current valuation
is conrmed. If a revaluation is required, a non-refundable fee
of £70 is payable. This fee is payable up front on request of a
revaluation. The fee can be paid by credit/debit card over the
phone.
Portability
Portability is not available on Accord Buy to Let Existing
Borrower Transfer products.
Existing Mortgage Accounts
To qualify for an Existing Borrower Transfer (EBT) product there
must be no more than 1 missed/late payment on your account
within the last 24 months AND no more than £100 in arrears at
date of oer and transfer.
APRC (Annual Percentage Rate Charge)
This is a gure which all lenders must quote when referring
to mortgages. It is designed to show the total yearly cost of a
mortgage stated as a percentage of the loan. It includes items
such as the interest rate payable at the start of the mortgage
product and after the initial rate period has ended, Revaluation
Fee and Mortgage Fee. It is the overall cost for comparison
purposes. This gure is intended to help customers to compare
the overall cost of dierent loans.
Early Repayment Charge (ERC) for products with
limited overpayments
In the event of part or full repayment or transfer to an
alternative product or our Buy to Let Standard Variable Rate,
on or before the end of the ERC period, an ERC is payable. The
ERC is calculated at the rate applicable for the year in which
the repayment or transfer occurs and is based on the amount
repaid or transferred.
For example: £100,000 is transferred on a 6.08% xed rate product
until 31/01/2027 If you decide to repay this mortgage in full before
31/01/2026 and the balance outstanding on the day of redemption
is £98,000, the ERC will be 2.5% x £98,000 = £2,450. If you decide to
repay this mortgage in full before 31/01/2027 but after 31/01/2026
and the balance outstanding on the day of redemption is £98,000,
the ERC will be 2.0% x £98,000 = £1,960.
The exception to this is that in any calendar year that Early
Repayment Charges apply, you may repay up to 10% of the
mortgage debt outstanding on 1 June that year without charge.
Any amount repaid over the 10% limit will incur an Early
Repayment Charge on the excess amount.
For example: If £25,000 is outstanding on the 1 June following
completion of your Existing Borrower Transfer, you can repay
up to £2,500 (10%) in the following 12 month period without
incurring an ERC. If you decide to repay more than this amount
eg. £6,000, you will incur an ERC of the specied percentage
on £3,500 as this is the amount in excess of the 10% limit.
Existing Borrower Transfer Oer and Acceptance
Once you’ve requested a transfer oer, subject to you meeting
our eligibility criteria, a formal mortgage product transfer oer
will be issued. If you do not receive an oer in the post within
7 days of requesting the oer, please contact us.
A signed acceptance of the product transfer oer must be
received by us within 14 days of the date of the oer.
Upon receipt of the signed acceptance we will write to you to
conrm it has been received and following completion of the
transfer we will write to you again to advise you of your new
payment. However, if we are able to complete the transfer
without waiting for your existing product to end then we will
only write to you to advise you of your new payment once we
have completed the transfer. If you do not hear from us within
7 days of returning your acceptance, please contact us.
A product transfer is subject to the terms and conditions of any
product transfer oer which may be issued. Those terms and
conditions take precedence over information contained in this
factsheet or any other information given to you.
Other Fees
A Mortgage Fee is payable should you redeem your mortgage
in full. Please refer to your original mortgage oer or latest
Existing Borrower Transfer oer for the amount of fee
applicable to you.
IMPORTANT INFORMATION
Applications subject to standard lending criteria and all loans subject to status.
All communications with us may be monitored/recorded to improve the quality of our service and for your protection and security. Calls to 03 numbers are charged at the same standard
network rate as 01 or 02 landline numbers, even when calling from a mobile.
Accord Mortgages Limited is authorised and regulated by the Financial Conduct Authority. Accord Mortgages Limited is entered in the Financial Services Register under registration
number 305936. Accord Mortgages Limited is registered in England No. 2139881. Buy to Let mortgages are not regulated by the Financial Conduct Authority. Registered Oce: Yorkshire
House, Yorkshire Drive, Bradford, BD5 8LJ. Accord Mortgages is a registered Trade Mark of Accord Mortgages Limited.
ACCM 1982 BTL PT 29 08 24
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. IF YOU HAVE A BUY
TO LET PROPERTY, THEN ALTERNATIVELY A RECEIVER MAY BE APPOINTED (EXCEPT IN SCOTLAND) TO RECEIVE THE RENT
AND / OR TO SELL THE PROPERTY. AFTER SALE, YOU WILL REMAIN RESPONSIBLE FOR THE PAYMENT OF ANY MORTGAGE
SHORTFALL DEBT.
