Private landlords are now being offered more choice when looking to remortgage after Accord Buy To Let launched a new mortgage product this morning.
The intermediary-only lender is offering a 1.94% two-year fixed rate for remortgaging landlords with a 35% deposit.
This mortgage has a £1,495 fee plus free standard valuation and no legal fees.
Chris Maggs, commercial manager at Accord Buy To Let, said: “Whether you’re a portfolio landlord with four or more properties or a landlord with a smaller portfolio these new products, coupled with competitive rental affordability requirements, are sure to prove popular with brokers and landlords.
“Our most preferred mortgages amongst landlords tend to be those which offer three key incentives, a free basic valuation, free legal fees covering standard legal work and a cashback. There has probably never been a better time to remortgage with Accord.”
Other remortgage deals available through Accord, which is part of Yorkshire Building Society, include a 2.84% five-year fixed rate at 65% LTV, or a 2.94% five-year fixed rate at 75% LTV. Both mortgages come with a £950 fee, free standard valuation and no legal fees, plus £500 cashback on completion.
For landlords looking to add their portfolio, there is a 2.39% two-year fixed rate at 60% LTV, or a 2.69% two-year option at 75% LTV. This product comes with a free standard valuation, £500 cashback on completion, and no product fee.
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