Accord cuts 75% LTV buy-to-let rates

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Accord Buy to Let has cut the rates across its 75% loan-to-value (LTV) range by up to 0.35 percentage points.

There is also a range of incentives to help landlords manage the upfront costs of buying or remortgaging.

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, which is part of the Yorkshire Building Society Group, 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 (pictured), 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 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 buy-to-let mortgages below 2%, which we hope will appeal to both landlords and brokers.”

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