According to the intermediary-only lender, the new products are available to remortgaging landlords with a 25% or 40% deposit and come with some no-product completion fee options.
Highlights of the five-year fixed rate range, which are all available with free standard valuation and the choice of either standard legal fees or £300 cashback on completion, include:
• 2.99% five-year fixed rate mortgage at 60% LTV with no product completion fee
• 2.99% five-year fixed rate mortgage at 75% LTV with a £1,845 fee
Accord has also reduced rates on selected fixed rate mortgages by up to 0.15%. Highlights include a competitive 1.84% two-year fix at 60% LTV for landlords looking to remortgage, with a £1,845 fee, free standard valuation and a choice of either free standard legal fees or £300 cashback on completion.
Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “We’re constantly reviewing our buy-to-let mortgages to offer the best fit for landlords. Our new five-year fixes, coupled with the rate reductions, provide a choice of competitive deals across our entire mortgage range to suit every landlord’s requirements.
We hope the additional incentives, and choice of no product completion fee options, will minimise the cost for landlords when they take out a remortgage on a property.”
