Accord Buy to Let is hoping to help mortgage brokers attract more buy-to-let landlords who may be looking to ‘refinance some, or all, of their mortgage portfolio’ by reducing rates on selected remortgage products by 0.20%.
The lender’s rates now start at 1.76% with a £1,995 product fee for those looking for a two-year fixed rate remortgage loan at 75% loan to value (LTV).
For those borrowing smaller amounts, options include a 2.25% two-year fixed rate with a £950 product fee, free legal assistance and free standard valuation.
Three additional two-year fixed rate remortgage products at 75% LTV have also been cut by 0.2%.
The loans are available to both standard investor and non-investor landlords following Accord’s decision to re-enter the consumer buy-to-let market.
Chris Maggs, Accord Buy to Let’s commercial manager, said: “These 0.2% reductions will give brokers the chance to proactively contact landlords who may be looking to refinance some or all of their mortgage portfolio.
“With the new taxation rules being phased in earlier this month this is an ideal time for landlords to reassess their financial commitments.
“We’re sure these reductions will prove very popular and the additional features will really appeal to landlords who want to reduce their outgoings when remortgaging.”