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Accord cuts buy-to-let rates

Accord Buy To Let has overhauled its buy-to-let mortgage range by introducing 17 new products and reducing rates by up to 0.35% on selected mortgages.

Borrowers with a 40% deposit can now get a two-year fixed rate deal at 1.64%, with fees of £950, free standard valuation and £500 cashback on completion.

The intermediary-only lender, which is part of Yorkshire Building Society, has also launched a choice of highly competitive new tracker mortgages with no early repayment charges (ERCs).

Borrowers with a 35% deposit can get a two-year tracker deal at 2.04%, while those with a 25% deposit have access to a two-year option at 2.29%. Both mortgages are available to remortgaging landlords and those extending their portfolio, and have a £950 fee and free standard valuation.

In addition, Accord has slashed its £1,995 product fee to £1,495 on certain options, and selected mortgages which previously had a £450 fee are now fee free.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We constantly review our mortgage range and we believe these new products provide landlords with some of the most competitive products in the market.

“Coupled with competitive affordability calculations we believe we are providing exceptional options for landlords.”

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