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

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...

FCA finds protection market delivering good outcomes, says TPFG

The Property Franchise Group PLC (TPFG) has responded to the publication of the Financial...

Conditional selling remains industry flashpoint as enforcement lags

Conditional selling remains one of the most persistent and contentious issues facing the UK...

Latest publication

Other news

The Coventry cuts selected intermediary residential fixed rates

Coventry for intermediaries has reduced a number of residential fixed-rate products for new and...

Mortgage Advice Bureau completes acquisition of Dashly

Mortgage Advice Bureau (MAB) has completed the acquisition of technology and data company Dashly,...

The Buckinghamshire lowers rates across key ranges

Buckinghamshire Building Society has cut rates across a wide spread of residential and buy-to-let...