The two-year fixed rate mortgages are available to landlords with a deposit of 25% at either 3.19% with no product fee, or at 2.84% with a £800 fee. Those looking to expand their portfolios will receive £500 cashback on completion, whilst remortgaging landlords have the choice of free standard legal work and standard valuation, or £300 cashback on completion and free standard valuation.
In addition, the intermediary-only lender has launched a two-year tracker mortgage at 1.89% for 60% LTV customers. This mortgage comes with £500 cashback on completion for house purchases; and for remortgages, a choice of free standard legal work and standard valuation, or £300 cashback on completion and free standard valuation.
Chris Maggs, Accord’s Buy to Let Commercial Manager, had this to say: “We are constantly reviewing our buy-to-let mortgages to offer the best fit for landlords, and our new 75% LTV range allows those with a 25% deposit to pick and choose the best loan to suit their individual requirements. The addition of our new two-year tracker options means we now offer both fixed-rate and tracker BTL mortgages below 2%, which we hope will appeal to both landlords and brokers.”
