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Accord Buy To Let expands its fixed rate range

26th July 2017 Print

Accord Buy To Let has expanded its range of fixed rate mortgages for landlords with deposits of 25% or more.

The lender, which is part of the Yorkshire Building Society, has introduced 14 additional three and five-year fixed rate mortgages to help landlords looking to secure a great rate over a longer period of time.  All the new mortgages come with a cashback feature of up to £750.

Highlights for new purchases at 65% loan-to-value (LTV) include a 2.74% three-year fix with a product fee of £450, plus £550 cashback on completion and free standard valuation. Those looking for a lower rate can opt for a 2.24% three-year fix which comes with a £1,995 product fee and £250 cashback on completion.

Remortgaging landlords can benefit from a three-year fix at 2.54% at 65% LTV, with a £950 product fee plus £750 cashback on completion and free standard valuation. Alternatively, there is a five-year fix available at 2.51% for landlords with a 40% deposit. This mortgage comes with £550 cashback on completion and free standard valuation and has a £950 fee.

Chris Maggs, Commercial Manager at Accord Buy To Let, said: “With the threat of a potential rate rise looming we feel our five year fixed rate options will appeal to landlords at the moment, so we wanted to provide them with a choice of competitive deals.

“We recently began offering mortgages to first-time landlords, so we hope our new purchase loans will help all landlords looking to build a buy-to-let portfolio.

“There’s further good news for brokers and landlords as we have also reduced rates on selected mortgages by up to 0.20%, so we have a really competitive range that suits a variety of borrowing needs.”