Accord cuts rates and adds cashback options
Accord Buy To Let has cuts its rates and added cashback to selected mortgages for landlords remortgaging or purchasing property.
The intermediary-only lender, which is part of Yorkshire Building Society, has launched a new range of options and additional features to meet differing borrowing needs.
Landlords looking to refinance their buy-to-let portfolio and who have a 35% deposit can now opt for a two-year fixed rate mortgage at 1.82%, which comes with a £1,495 fee, free standard valuation and a choice of either £750 cashback on completion or free legal fees and £250 cashback.
The increased choice of additional features extends to a two-year fixed rate mortgage at 1.74% with free standard valuation and increased cashback up to £750. This mortgage also comes with a £1,495 fee and is for landlords requiring 60% loan-to-value (LTV).
Fee-free options are also available on two, three and five-year fixed rate mortgages with the latter at 2.93% for landlords hoping to remortgage with 65% LTV, which comes with free standard valuation and free legal fees.
Chris Maggs, commercial manager at Accord Buy To Let, said: “We’ve made a number of changes across our buy-to-let mortgage range to make sure we’re offering attractive options for landlords to consider.
“We recognise that landlords have differing needs so have varied the competitive rate offerings, additional features and range of mortgage fees for landlords, with the help of a broker, to weigh up.
“We’re confident this new range will appeal to a variety of borrowers reassessing their portfolio at this time.”
Accord Buy To Let has also reduced rates on selected mortgages for landlords expanding their portfolio, with a two-year fixed rate mortgage starting at 1.74% at 60% LTV. This mortgage comes with free standard valuation, £750 cashback and has a £1,495 fee.
Cashback of £750 is available to landlords remortgaging a property with a 1.74% two-year fixed rate, with free standard valuation and a fee payable of £1,495. £500 cashback is also available with the same two-year fixed rate of 1.74%, free standard valuation, free legal fees and a fee payable of £1,495.