Buy-to-letNews

Accord to cut rates and launch a 2-year fixed rate remortgage option

From 6pm today Accord Buy To Let will cut rates across its mortgage range by up to 0.25% and launch a 2-year fixed rate remortgage option for landlords with a 25% deposit.

It comes with a rate of 1.51% and a free standard valuation and fee of £1,995.

A highlight among the changes is a 2.94% 5-year fixed rate mortgage at 75% loan-to-value (LTV), which is down from 3.19% and will be available to landlords either expanding or remortgaging their portfolio. Both options come with free standard valuation, £1,000 cashback and a fee of £195.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We’ve made a number of changes to our mortgage range to give landlords choice when managing their portfolios.

“As well as reducing rates, we’ve added a competitive new mortgage and kept a number of additional features including cashback, free standard valuation and free legal fees in our range to help landlords with the upfront cost of remortgaging.

“We hope this selection of mortgages will really appeal to brokers and their clients looking for solutions to their buy-to-let requirements.”

Those looking for a 2-year fixed rate mortgage at 75% LTV could choose a rate of 2.60% with free legal fees and free standard valuation, or the same rate with free standard valuation and £500 cashback.

Landlords wanting to secure the same repayment amount over a longer period will be able to select a 2.62% 5-year fixed rate mortgage with a free standard valuation, free legal fees and £250 cashback. This comes with a £1,495 fee.

 

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