Accord has revamped its buy-to-let mortgage range for advisers, introducing a 2.22 per cent five-year fixed rate mortgage product.
The product, which carries a £950 product fee, is available to those with a 60 per cent loan to value capacity.
For landlords with smaller amounts of equity, the lender is offering a two-year fixed rate of 1.58 per cent. The mortgage is available to those with a 25 per cent deposit and comes with a £1,995 product fee.
The lender has also launched a range of three-year fixed rates for landlords with 40 per cent deposits, offering a rate of 2.45 per cent with no product fee.
Toni Roberts, Accord buy-to-let mortgage product manager, said: "Uncertainty surrounding the wider economy and bank rates has meant brokers are telling us that landlords are keen to fix their repayments for longer.
"That’s why we’ve introduced three competitive three-year fixed rates and reduced all of our five-year fixed rate products. We hope they will prove popular with brokers and landlords."
David Hollingworth, associate director for communications at London and Country Mortgages, said: "It's not the cheapest on the market, but in terms of five year fixed rates, its an area where they have a lot of options.
"And five year fixed is an area that is popular with brokers now."
david.thorpe@ft.com
