"It’s a challenging time for landlords..."
Landlords looking to buy a new property or remortgage their current portfolio can benefit from lower rates on selected 60%, 65% and 75% LTV options from the intermediary-only lender.
This includes a two-year fixed rate mortgage at 1.83%, available to remortgaging landlords with a 40% deposit. This mortgage comes with a £950 fee and the choice of either free standard valuation and free legal fees, or £300 cashback on completion and free standard valuation.
In addition Accord, which is part of the Yorkshire Building Society Group, has launched a new three-year fix at 2.19% for landlords looking to expand their portfolio. It is available at 60% LTV and has a £950 fee.
Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “It’s a challenging time for landlords, so by offering mortgages with very competitive interest rates with additional features such as free standard valuations, cashback and free legal work, we feel we can provide some long term value for landlords.
At a time when many landlords are assessing their portfolios to ensure they can maintain a sustainable business under the new taxation rules our attractive mortgage range provides remortgage options which can assist the landlord from a cash flow perspective. For those landlords looking to expand their portfolio our new three-year fix provides excellent value for money.”
