New Accord deals help landlords manage upfront costs

New Accord deals help landlords manage upfront costs

Accord Mortgages has unveiled a range of product fee-free fixed rate mortgages with either cashback on completion or free standard valuation and legal fees.

The fixed-rate mortgages will be available to landlords with loan-to-values (LTVs) between 60% and 75%, offering the opportunity to fix for two or five years with the intermediary-only lender.

At 60% LTV landlords can opt for a two-year fix at 2.59% or a five-year fix at 3.44%, while those at a 75% LTV can get a two-year fix at  3.49% or fix for five years at 4.29%.

All house purchase mortgages offer £500 cashback on completion, while those remortgaging can choose from either free standard valuation and legal fees, or £300 cashback and free standard valuation.

There are also fee-free two-year tracker options available for landlords who are remortgaging, with a choice of free standard valuation and legal fees, or £300 cashback and free standard valuation at 2.49% for 60% LTV or 2.74% for 65% LTV.

Chris Maggs, Accord Buy to Let commercial manager, said: “We are very pleased to launch this new range of mortgages especially at a time when landlords are facing a potential base rate increase.

“We hope that by reducing upfront costs landlords can minimise the costs of expanding their portfolio or reduce outgoings remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”