Accord Buy to Let has reduced the rates on its range of two-year fixed rate 75% loan-to-value (LTV) mortgages by 0.10 percentage points.
The intermediary-only lender is now offering landlords with a 25% deposit a two-year fixed rate mortgage at 2.19%, with a £2,495 product fee for both remortgage and house purchase.
Also available is a two-year fixed rate mortgage at 3.09% with no product fee, which offers £500 cashback on completion for landlords looking to expand their portfolios, and a choice of free standard valuation and legals, or free standard valuation and £300 cashback on completion for those who are remortgaging.
Chris Maggs, Accord Buy to Let commercial manager, said: “We are very pleased to launch this new range of mortgages for landlords with a 25% deposit. We hope that by reducing upfront costs landlords can minimise the initial outlay associated with expanding their portfolio or reduce their outgoings when remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”