As part of its commitment to support buy-to-let landlords, Accord Buy to Let has from today reduced rates on selected lower loan-to-value (LTV) mortgages, whilst introducing new 65% LTV options.
The Yorkshire Building Society Group’s intermediary-only lender has cut rates for landlords at 65% and 75% LTV by up to 0.2%.
A two-year fix is now available at just 1.99% for buy-to-let borrowers with a 35% deposit, and on offer at 75% LTV is a two-year fix at 2.04%. Both mortgages are available to landlords looking to remortgage or extend their portfolio, and come with a £1,995 product fee.
Accord, which last year expanded into the consumer buy-to-let and first-time landlord markets, has also launched new options at 65% LTV with additional features, including a 2.54% two-year fix with a £450 product fee.
Those purchasing a new property will receive £500 cash-back on completion, while remortgaging landlords can choose from either free standard valuation and £300 cash-back on completion, or free standard valuation and legal fees.
Chris Maggs, Accord’s Buy to Let commercial manager, commented: “We are always looking at ways to offer landlords value for money and we believe that these mortgages will prove very attractive thanks to the competitive rates and additional features.
“We hope brokers looking for competitive deals on buy-to-let property purchases and remortgages will welcome these new rates as much as their clients.”