Accord reduces buy-to-let fixed rates

Published on

Accord has cut rates across its two, three and five-year fixed rate buy-to-let mortgages and added new remortgage options.

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 percentage points and launched new remortgage options on three and five-year fixes.

A 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.”

Latest POLL

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

Quantum Mortgages backs launch of Fort Bridging in strategic partnership

Quantum Mortgages has announced a collaboration with Fort Advice Bureau in support of the...

PEXA secures FCA approval ahead of major UK product expansion

PEXA, the Australian-founded digital property exchange platform, has secured regulatory approval from the Financial...

YBS Commercial drops rates and adds 55% LTV buy-to-let deals

YBS Commercial Mortgages has unveiled a series of rate cuts and new product launches...

LendInvest raises AVM threshold to 75% LTV on unregulated bridging products

LendInvest has announced that automated valuation models (AVMs) will now be accepted up to...

Other news

Quantum Mortgages backs launch of Fort Bridging in strategic partnership

Quantum Mortgages has announced a collaboration with Fort Advice Bureau in support of the...

PEXA secures FCA approval ahead of major UK product expansion

PEXA, the Australian-founded digital property exchange platform, has secured regulatory approval from the Financial...

YBS Commercial drops rates and adds 55% LTV buy-to-let deals

YBS Commercial Mortgages has unveiled a series of rate cuts and new product launches...
Advertisement