Accord Buy To Let has cut rates on its entire fixed rate range by up to 0.30 per cent and launched new remortgage options on three and five-year fixes.
Yorkshire Building Society Group’s intermediary-only lender has introduced a new two-year fixed rate at 1.94 per cent, with an £800 fee, available to remortgaging landlords at 60 per cent loan-to-value, with free standard valuation and standard legal fees.
There’s also a three year fix at 2.64 per cent for 65 per cent LTV, with an £800 fee. The mortgage comes with £500 cashback on completions for landlords looking to extend their portfolio, along with free standard valuations and standard legal fees for remortgages.
A five-year remortgage deal also is available at 3.09 per cent for 60 per cent LTV, with the same £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’s commercial manager, said landlords are looking for security during this time of uncertainty.
“We have reduced rates across our entire fixed range to ensure we are offering competitive options to suit all circumstances,” he stated, adding: “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.”
At the end of July, Accord launched a range of fixed-rate remortgage deals, with options at 65, 75, 80, 85 and 90 per cent LTV.
This followed the June release of a selection of three-year fixed rate mortgages for borrowers both looking to remortgage or buy a home with a 10 per cent deposit.
peter.walker@ft.com
