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Accord Buy to Let launches five-year fix at 2.22%

Accord Buy to Let has launched a five-year fixed rate deal at 2.22% up to 60% loan-to-value (LTV), as part of a number of product changes.

The intermediary-only lender, which is part of Yorkshire Building Society Group, has reduced all five-year fixed rates, as well as its two-year fixed rates at 75% LTV, while its tracker mortgages are being cut by 0.3%.

The 2.22% five-year fixed rate deal is the highlight of the new range, and is offered to landlords with a 60% LTV for those either remortgaging or acquiring a new property, and comes with a £950 product fee.

The lender is also offering a rather attractive two-year fixed rate of 1.58% at 75% LTV, subject to a £1,995 product fee.

In addition, the lender has launched a range of three-year fixed rates for landlords with 40% deposits. It’s offering a three-year fixed rate at 2.45% with no product fee.

Toni Roberts, Accord Buy to Let’s Mortgage Product Manager, commented: “Uncertainty surrounding the wider economy and bank rates has meant Brokers are telling us that landlords are keen to fix their repayments for longer.

“That’s why we’ve introduced three competitive three-year fixed rates and reduced all of our five-year fixed rate products. We hope they will prove popular with brokers and landlords.”

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