Buy-to-letJan 23 2018

Accord overhauls buy-to-let range

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Accord overhauls buy-to-let range

Accord has revamped its buy-to-let mortgage range to include 17 new offerings.

The buy-to-let arm of Yorkshire Building Society has cut rates on its products by up to 0.35 per cent. 

Borrowers with a 40 per cent deposit can now get a two-year fixed deal at 1.64 per cent, with fees of £950.

The deal comes with a free standard valuation and £500 cashback on completion. 

The shake-up of the range also includes tracker mortgage deals, which follow the Bank of England's base rate and have no early repayment charges. Borrowers with a 25 per cent deposit can get a two-year deal at 2.29 per cent.

Other products within the group's range have seen their fees cut from £1,995 to £1,495, while some of those which previously had a £450 fee are now fee free.

Accord Buy-to-Let commercial manager Chris Maggs said: "We constantly review our range and believe these new products provide landlords with some of the most competitive deals in the market."

Rachel Lummis, mortgage adviser at Xpress Mortgages, said: "A shake-up of a lender's product range is welcome, but these rates won't be available to every landlord.

"Choosing a lender is criteria-driven now and there are many type of buy-to-let so it is important to work out which provider a particular landlord will fit best with."