What Accord and ModaMortgages' Rate Adjustments Mean for You

Recent Changes in Buy-to-Let Mortgage Rates

Recent market movements have seen Accord Mortgages and ModaMortgages update their buy-to-let (BTL) offerings. Understanding these changes is crucial if you're a landlord or considering entering the market.

Accord's Rate Adjustments

As of 22 October 2026, Accord Mortgages has reduced rates on its buy-to-let products. Here's a breakdown:

• Rates for house purchase products are reduced by up to 0.69% at 80% Loan-to-Value (LTV).
• For remortgages, reductions are up to 0.68% at 75% LTV.

These changes aim to make borrowing more accessible for landlords. However, remember to consider the total cost of ownership, including fees, maintenance, insurance, and property taxes.

ModaMortgages' Expanded Offerings

ModaMortgages has broadened its range to cater to a variety of landlords. Their new products include:

• Fixed-rate options over two and five years.
• Choices of 2% and 5% product fees.
• Free valuations available, applicable to properties such as Houses in Multiple Occupation (HMOs) and Multi-Unit Freehold Blocks (MUFBs), up to six units.

These offerings are designed to help individual and company landlords financing single or complex properties.

What to Consider

When assessing these new options, it's vital to consider:

• Total Costs: Beyond interest rates, factor in product fees, insurance, and potential property management costs.
• Loan Types: Understand the types of properties—HMOs, MUFBs—that qualify and their specific requirements.
• Legal Implications: Ensure compliance with all regulations relevant to buy-to-let properties, especially for corporate structures.

Next Steps

If you're considering a buy-to-let mortgage, these changes could offer potential savings or new opportunities. It's wise to consult with a financial adviser to understand how these updates align with your investment strategy and goals.

One thing to keep in mind: "Your home may be repossessed if you do not keep up repayments on your mortgage." So, ensuring affordability and alignment with long-term financial planning is essential.

For more tailored advice, you can reach out to us at Anderson Reed Financial Services, and we'll be happy to help you navigate these changes.