Accord launches fee free rates
To 60% LTV its 2-year fix stands at 2.59% and its 5-year fix is 3.44%, while to 75% LTV landlords can take out a 3.49% 2-year fix and a 4.29% 5-year fix.
Landlords who are remortgaging can also take out tracker rates, which stand at 2.49% to 75% LTV and 2.74% to 75% LTV with £300 cashback and a free standard valuation.
Although the mortgages come with no product fee, Accord does charge a £130 ‘mortgage application processing fee’.
Chris Maggs, Accord Buy to Let’s commercial manager, said: “We are very pleased to launch this new range of mortgages especially at a time when landlords are facing a potential base rate increase.
“We hope that by reducing upfront costs landlords can minimise the costs of expanding their portfolio or reduce outgoings remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”