Accord reduces cost of buy-to-let fixes

Accord Buy to Let has reduced rates on selected fixed-rate mortgages.

These cut are being applied to its two- and five-year fixes at 75 per cent LTV, with rates reduced by up to 0.15 per cent.

These repriced mortgages include a fee-free two-year fix at 2.62 per cent, while Accord is also offering a five-year fix at 2.69 per cent, with a £1,495 fee.

On both these deals, the lender – part of the Yorkshire Building Society – is offering landlords who are remortgaging the option of free valuations and legal fees, or £500 cashback.

This cashback deal is also available to those purchasing a property.

Accord Buy To Let’s commercial manager Chris Maggs says: “Whilst two-year fixes seem to be the term of choice for many of our customers, five-year deals are also growing in popularity, as landlords look to fix for longer during the uncertain times ahead.

“We wanted to ensure we have a number of offerings available so landlords, with the help of a broker, can weigh up the best way forward for their portfolio.”  

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