Accord slashes buy-to-let rates

John Hewitt Jones

August 19, 2016

Accord Buy To Let has cut rates for landlords, offering a 0.3% reduction on its 5-year fixed rate mortgages.

The intermediary-only lender has reduced rates on all 5-year fixes and selected 3-year fixes at 60% and 75% LTV.

Chris Maggs, commercial manager at Accord Buy to Let, said: “The buy-to-let mortgage market is providing landlords with some favourable deals at the moment.

“The cuts to our fixed-rate mortgages, coupled with some great incentives, make our buy-to-let offerings highly competitive.”

Accord offers a 2.89% 5-year fixed rate at 60% LTV. The deal comes with a choice of free standard valuation and standard legal fees, or £300 cashback on completion and free standard valuation. The mortgage fee is £800.

Maggs added: “We believe that it’s important to tailor our mortgages around landlords needs, and provide them with good value for money options. We have recently launched a range of tracker mortgages with no early repayment changes to give landlords flexibility should their circumstances change over the next two years.”

Accord Mortgages Limited is the intermediary lending subsidiary of Yorkshire Building Society, the second largest building society in the UK.

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