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Accord reduces buy-to-let rates

Accord Buy To Let has cut rates across its mortgage range by up to 0.16%.

The intermediary-only lender, part of Yorkshire Building Society, is offering mortgages with a two-year fixed rate starting from 1.67% for landlords requiring 60% loan-to-value (LTV).

This mortgage is for both landlords looking to extend their portfolio, or those remortgaging, and has a product fee of £1,495 but comes with free standard valuation and cashback up to £750.

Landlords looking to remortgage their current portfolio are likely to benefit most from the reduction in rates, with a two-year fixed rate now available at 2.08%, at up to 75% LTV. This mortgage comes with a £950 fee and has £750 cashback and free standard valuation.

Accord has also introduced two new five-year fixed rate mortgages for those re-financing their portfolio landlords seeking peace of mind over the longer-term.

Landlords with 65% LTV can choose a five-year fixed rate mortgage at 2.09% and those who have a 25% deposit can benefit from a rate of 2.49%. Both options have a £1,995 fee and free standard valuation.

Chris Maggs, commercial manager at Accord Buy To Let, commented: “We continue to make changes to our buy-to-let mortgage range to offer additional and improved choice to brokers and their clients.

“Amid economic speculation of a rise in Bank Rate in the near future we’ve introduced new mortgages designed to offer landlords longer-term peace of mind until 2023, and have reduced rates across our range to offer competitive options for a range of borrowers.”

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