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Accord to help landlords manage the upfront costs of buying a new property

From today Accord Buy To Let is offering free standard valuation and up to £1,000 cashback on all of its fixed rate purchase mortgages.

The new range, which is available to both first-time and existing landlords, includes a two-year fix at 1.99%, and a 2.19% three-year fix, both available to landlords with a 40% deposit. The mortgages have a £950 product fee and come with free standard valuation and £500 cashback on completion.

The intermediary-only lender, which is part of Yorkshire Building Society, is also offering a 3.19% five-year fix at 75% loan-to-value, which has a fee of £195, £1,000 cashback on completion, as well as free standard valuation.

Chris Maggs, commercial manager at Accord Buy To Let, said: “Despite the changes to the buy-to -let market in recent years property investors have not been deterred, and many are still looking to expand their portfolio where they can.

“That’s why we are offering landlords a few additional extras to help manage the upfront costs of buying a new property.  Our new purchase range includes a choice of over 20 mortgages which offer a cashback boost plus free standard valuation, so there are plenty of options to suit many budgets and circumstances.

“In addition, our rental affordability calculator enables a considerable number of landlords to use 135% interest coverage ratio (ICR) which we believe remains one of the most attractive ICR’s currently available, to help landlords borrow what they require.”

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