Accord cuts buy-to-let rates

Accord Buy To Let has reduced the rates on selected two and 5-year fixed rate mortgages by up to 0.04% and extended the end dates to August.

Highlights in the new range include a 2-year fixed rate at 1.90% which is available for landlords buying a new property who require 75% LTV. This comes with a £1,495 product fee, free standard valuation and £500 cashback.

The same rate is also available for remortgaging landlords, which also comes with £1,495 fee, free standard valuation and a choice of either £500 cashback, or free legals and £250 cashback.

Toni Roberts, mortgage product manager at Accord Buy To Let, said: “We’ve refreshed our mortgage range to give brokers and their clients more choice and greater value.

“All on-sale mortgages, regardless of term, have an end date in August which could give landlords an extra few months on top of their initial two, three or 5-deal periods.

“With current economic uncertainty some brokers may find their clients value this extra time to benefit from the rate for longer or weigh up their options when it comes to renewing their mortgage.”

For landlords looking to fix their mortgage for longer, the lender is offering a 5-year fixed rate of 2.45% at 65% LTV. The mortgage is available to those either buying a property or remortgaging and comes with a £950 product fee, free standard valuation and up to £500 cashback.

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