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TODAY'S OTHER NEWS

Accord Buy To Let introduces new products and cuts rates

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.”

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