New Accord deals help landlords manage upfront costs

Published on

Accord Mortgages has unveiled a range of product fee-free fixed rate mortgages with either cashback on completion or free standard valuation and legal fees.

The fixed-rate mortgages will be available to landlords with loan-to-values (LTVs) between 60% and 75%, offering the opportunity to fix for two or five years with the intermediary-only lender.

At 60% LTV landlords can opt for a two-year fix at 2.59% or a five-year fix at 3.44%, while those at a 75% LTV can get a two-year fix at  3.49% or fix for five years at 4.29%.

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

There are also fee-free two-year tracker options available for landlords who are remortgaging, with a choice of free standard valuation and legal fees, or £300 cashback and free standard valuation at 2.49% for 60% LTV or 2.74% for 65% LTV.

Chris Maggs, Accord Buy to Let commercial manager, said: “We are very pleased to launch this new range of mortgages especially at a time when landlords are facing a potential base rate increase.

“We hope that by reducing upfront costs landlords can minimise the costs of expanding their portfolio or reduce outgoings remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”

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

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of COâ‚‚

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of COâ‚‚

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...