Fee-free fixed rate Accord mortgages will now be available to landlords with loan-to-values (LTV) of between 60 and 75 per cent.
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.
At 60 per cent LTV landlords can opt for a two-year fix at 2.59 per cent or a five-year fix at 3.44 per cent, while those at a 75 per cent LTV can get a two-year fix at 3.49 per cent or fix for five years at 4.29 per cent.
For landlords looking to remorgage there are fee-free two-year tracker options available, with a choice of free standard valuation and legal fees, or £300 cashback and free standard valuation at 2.49 per cent for 60 per cent LTV or 2.74 per cent for 65 per cent LTV.
Alongside these deals Accord has further reduced the product-fee available to landlords from a previous cut made in mid-August.
The move has been made to help landlords manage the upfront costs of buying or remortgaging.
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.”
To learn more about this type of deal, and earn CPD, read FTAdviser’s Guide to Fee-free mortgages.
