Accord offering low fee options to landlords

Published on

Accord Buy to Let is extending its range of £195 product fee mortgages.

The fixed-rate mortgages will now be available to landlords with loan-to-values (LTVs) at 60% and 65%, offering the opportunity to fix for three or five years.

All house purchase mortgages offer £500 cashback on completion, while those remortgaging will benefit from a free standard valuation and either free standard legal fees or £300 cashback on completion.

At 60% LTV, Accord is offering three-year fixed rate of 2.84% and a five-year fixed rate of 3.44%, on house purchase.

Landlords looking to remortgage at 60% LTV can benefit from a 2.99% rate, fixed for three years, or a 3.59% five-year fix.

Landlords with a 65% LTV looking to buy a new property can fix for three years at 3.09% or five years at 3.74%.

Rates available to landlords looking to remortgage at the same LTV are a three-year fixed rate of 3.24% and a five-year fixed rate of 3.89%.

Chris Maggs, Accord Buy to Let commercial manager, said: “We know that the upfront costs associated with both house purchase and remortgage can be off-putting when brokers are trying to find the mortgage which best fits their clients, so these competitive, lower fee mortgages are designed to give different options for those who want to minimise initial costs.

“The longer-term fixes will give landlords the security of a guaranteed rate for the next three or five years, which we think will prove popular with brokers and customers.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...

Rental yields rise across England and Wales as buy-to-let market enters more volatile period

Rental yields increased annually in every region of England and Wales in the first...

Pure Retirement targets introducer growth with new adviser marketing tools

Pure Retirement has launched a suite of introducer-focused resources aimed at helping advisers expand...

Latest publication

Other news

The Vernon hires internal BDM to expand intermediary reach

Vernon Building Society has appointed Damien Sabbaghe as intermediary business development manager as it...

Coventry trims first-time buyer and limited company buy-to-let rates

Coventry for intermediaries has cut selected mortgage rates for first-time buyers and limited company...

TRM adds to PMI team with supervision & development manager hire

The Right Mortgage & Protection Network has appointed Gemma Penkethman as PMI supervision &...