Accord Buy to Let has announced today that it has reduced the rates on its range of three and five-year fixed rate mortgages by up to 0.30%.
The intermediary-only lender, which is part of Yorkshire Building Society Group, has launched a five-year fixed rate mortgage at 3.54% and a three-year fixed rate at 3.29%, both available up to 75% LTV.
Both products come with a £800 fee, plus £500 cashback on completion for house purchases. Alternatively landlords can choose either free standard valuation and legal fees, or £300 cashback on completion and free standard valuation for remortgage.
Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “We are constantly reviewing our buy-to-let mortgages to offer the best fit for landlords, and the reductions on our three and five year ranges allow brokers to choose the best loan to suit their clients’ requirements.
We hope the additional incentives will minimise the initial outlay associated with expanding a portfolio or reduce landlords’ outgoings when remortgaging.”