AccordAug 29 2017

Accord cuts rates and boosts support for landlords

Search sponsored by
Accord cuts rates and boosts support for landlords

Accord has launched products for landlords with larger deposits and cut rates on a selection of fixed-rate products.

The intermediary arm of the Yorkshire Building Society is now offering a two-year fix at 1.64 per cent at 60 per cent loan-to-value (LTV), which is available to remortgaging landlords or those expanding their portfolio. 

It comes with a £1,995 product fee, £550 cashback on completion and free standard valuation.

The lender has also cut rates on selected two and five-year mortgages by up to 0.27 percentage points.

Remortgage highlights include a 1.99 per cent two-year fix at 65 per cent LTV, which comes with £750 cashback on completion and free standard valuation. 

Meanwhile, those looking to purchase a new property can opt for a 2.08 per cent two-year fix at 75 per cent LTV, with £750 cashback on completion. 

Both mortgages have a £950 product fee.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We wanted to enhance our mortgage range to give landlords better value for money. We hope by reducing rates on five-year mortgages in particular this will offer landlords the security of a great rate over a longer term.

“We’re confident they will prove popular to brokers and borrowers thanks to their competitive rates and additional features.”

Alan Lakey, partner at Hertfordshire-based Highclere Financial Services, commented: “It is good to have some free-thinking products. As we all know, anyone with more properties is treated more harshly now, and having reasonable prices and good rates can certainly help.

“Accord have always been at the forefront of low rates, and they have been a kind of breath of fresh air. Up until recently their admin was terrible, but they have pulled themselves together.”