Accord announces reductions on BTL products
Accord Buy To Let has announced this morning that it has reduced rates across its two, three and five-year fixed rate mortgages.
The intermediary-only lender, which is part of Yorkshire Building Society Group, has reduced rates on its entire fixed rate range by up to 0.30% and launched new remortgage options on three and five year fixes.
A competitive two-year fixed rate at 1.94% with an £800 fee is available to remortgaging landlords at 60% loan-to-value (LTV) with free standard valuation and standard legal fees.
On offer for three years is a 2.64% fix at 65% LTV with a £800 fee. The mortgage comes with £500 cashback on completions for landlords looking to extend their portfolio, and free standard valuation and standard legal fees for remortgages.
For those looking to fix their mortgage for longer, a five-year remortgage deal is available at 3.09% at 60% LTV, with a £800 fee and a choice of free standard valuation and £300 cashback on completion, or free standard valuation and standard legal fees.
Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “We always try to offer brokers and landlords a range of options and good, long-term value for money. Landlords are looking for security during this time of uncertainty, and we have reduced rates across our entire fixed range to ensure we are offering competitive options to suit all circumstances. We also hope the added incentives such as cashback on completion and free standard valuations will prove popular with brokers and landlords looking to get the most from a mortgage.”