Buy-to-let 

Accord cuts rates and fees for landlords

Accord cuts rates and fees for landlords

Accord has cut rates by up to 0.35 percentage points on three quarters of its buy-to-let mortgage range and slashed product fees by up to £500 on selected deals.

The intermediary arm of Yorkshire Building Society is offering a 1.89 per cent five-year fixed rate mortgage at 65 per cent loan-to-value (LTV), which comes with a £1,495 fee and free standard valuation.

Landlords can also opt for a 2.24 per cent three-year fix at 75 per cent loan-to-value, which has a £995 fee and free standard valuation, or a 2.79 per cent three-year fix at 65 per cent LTV with no product fee and free standard valuation.

Both mortgages are available for house purchase and remortgage.

A five-year fix is available at 2.84 per cent for landlords with a 35 per cent deposit, which comes with a £950 product fee.

Remortgagers can choose the cashback option or free standard valuation and legal fees.

Chris Maggs, commercial manager at Accord Buy To Let, said: “It’s Christmas, the season of goodwill so we hope the changes we’ve made to our products will be well received by landlords at the end of what has been a turbulent year.

“We’ve tweaked our range based on feedback from both brokers and landlords. In particular, we’ve seen a shift in appetite for five-year fixes as landlords look to secure a great rate for longer, which is why we’ve launched a new competitive longer term deal.”

Andrew Montlake, director at London-based Coreco Group, commented: “These are more good rates from Accord, who have had a very good year overall, and this will bring some festive cheer to landlords.”

simon.allin@ft.com

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