Accord Mortgages Reduce their BTL ICR Rates
Applies to: Buy to Let New Business Accord have changed their rental calculation requirements for your Landlord clients by reducing our ICR Rates. What’s changing? Interest Coverage Ratio Rates (ICR Rates) reductions Where your client is capital raising: Product term < 5 years – 6.5% (previously 7.5%) or product rate +2% (whichever is higher) Product term >= […]
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