"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."
The intermediary-only lender has also reduced rates on selected products at 75% LTV, for landlords wishing to benefit from both two-year and five-year terms. These include a five-year fix at 2.49% (was 2.55%), available for both house purchase and remortgage, which comes with a £1,995 fee, £250 cashback and free standard valuation.
Selected two-year products at 60% and 65% LTV are being increased by up to 0.08%, and by up to 0.05% for selected products at 80% LTV.
Accord has also extended product end dates until 30 September, to ensure the best possible value for brokers and their clients.
Simon Garner, buy-to-let mortgage manager at Accord, said: “We’re pleased to have been able to reduce our buy-to-let mortgages at 65 and 75% LTV to help landlords benefit from better value, but in light of changing market conditions we’ve also had to increase selected rates. As always, we’re letting brokers know about the changes.”
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% 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.
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.
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.”
