Accord extends buy-to-let range

landlord, BTL, words

Accord is extending its range of buy-to-let deals with a number of new two- and three-year options.

The intermediary lender, part of the Yorkshire Building Society, has launched new cashback options on its two-year fixed rate range, and has reduced rates by up to 0.2 per cent on selected three-year deals. It has also launched a new tracker range.

New deals include a two-year fix at 1.72 per cent at 60 per cent LTV. This has a product fee of £1,495, though it comes with a free standard valuation. Those remortgaging also get free legal fees, while those extending their portfolio can get £250 cashback on completion.

The lender is also offering £1,000 cashback to landlords remortgaging or extending their portfolio with a two-year fixed rate of 2.89 per cent at 75 per cent LTV.

This mortgage comes with a low fee of £195 and free standard valuation.

Three-year fixed rates have also been reduced by up to 0.20 per cent. Landlords borrowing 75 per cent LTV will get a rate of 2.72 per cent. This comes with a free standard valuation and £500 cashback on completion.

Accord has also launched two new tracker mortgages with no early repayment charges. The mortgages track the Bank of England base rate,  and are designed to provide landlords with flexibility to exit their mortgage early should their circumstances change over the next two years.

At 75 per cent loan-to-value (LTV) the two-year tracker charges a rate of 2.29 per cent. This is available to those extending their portfolio, or remortgaging. These tracker mortgages have a product fee of £950 and include free standard valuation.

Accord Buy to Let’s commercial manager Chris Maggs says:  “We believe these new products will be welcomed by brokers whose clients are looking for choice and flexibility when managing their portfolio.”

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