New Accord buy-to-let fixed rates

New Accord buy-to-let fixed rates

Accord Mortgages has expanded its range of fixed rate buy-to-let 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, which all 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, 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.”