Accord Buy To Let has introduced two new products aimed at landlords looking for longer term fixed rate deals.
For purchasing landlords, Accord BTL is offer a new fee-free five-year fix available at a rate of 2.42% at 60% loan-to-value (LTV) and comes with £500 cashback and free valuation.
For those looking to remortgage, there is now a five-year fixed rate at 2.57% at 65% LTV, which comes with no fee, £250 cashback, free valuation and free standard legals.
Accord BTL has also cut rates on 29 products across the range including a two-year fixed rate mortgage for borrowers with a 25% deposit at 1.99%, down from 2.09%. Available to both homebuyers and those remortgaging, the loan comes with a £950 fee, £500 cashback and free valuation.
Landlords looking to remortgage can also take advantage of the reduced 75% LTV five-year fix at a rate of 2.68%, reduced from 2.82%, which comes with no product fee, £250 cashback, free standard legals and free valuation.
Simon Garner, product manager at Accord Buy To Let, commented: “Our fee-free products have proven popular with landlords looking to reduce upfront costs, so we are increasing our range, in addition to reducing rates on a wide range of two, three and five year products to provide even more options for those looking to start or extend a buy to let business.”