Accord Buy To Let has reduced the product fee on selected mortgages by £650.
All mortgages through the intermediary-only lender with product fees of £2,495 will see these cut to £1,845, as well as rates reduced on selected fixed rate mortgages by up to 0.30%.
Landlords with a 25% deposit can now take advantage of a two-year fixed rate mortgage at 2.39% with a £1,845 fee. The mortgage comes with a choice of incentives including £500 cashback on completion, or free standard valuation and £300 cashback on completion for house purchases. Remortgaging landlords can opt for either free standard valuations and legal fees, or free standard valuation and £300 cashback on completion.
In addition, Accord Buy to Let, which is part of Yorkshire Building Society Group, has made a 0.20 percentage point reduction on its five-year fixed rate mortgage at 75% loan-to-value, which is now available at 3.19%, as well as reducing the fee to £1,845. This option is available to both house purchase and remortgage customers.
Chris Maggs, Accord’s buy-to-let commercial manager, said: “The buy-to-let mortgage market is providing landlords with some favourable deals at the moment. The cuts to our fixed-rate mortgages and the £650 reduction on fees, coupled with some great incentives, make our buy-to-let offerings highly competitive. We hope these will appeal to both brokers and landlords looking to get the most from a mortgage.”