Accord Buy to Let has cut the rates on its range of three and five-year fixed rate mortgages by up to 0.30 percentage points.
The intermediary-only lender is now offering landlords with a 25% deposit a five-year fixed rate mortgage at 3.54% with a £800 product fee, plus £500 cashback on completion for house purchases, or a choice of either free standard valuation and legal fees, or £300 cashback on completion and free standard valuation for remortgage.
Also available is a three-year fixed rate mortgage 3.29% for landlords with 75% loan-to-value (LTV). The mortgage has a £800 fee and offers £500 cashback on completion for house purchases, or a choice of either free standard valuation and legal fees, or £300 cashback on completion and free standard valuation for remotgages.
Chris Maggs, Accord’s buy-to-let commercial manager, said: “We are constantly reviewing our buy-to-let mortgages to offer the best fit for landlords, and the reductions on our three and five year ranges allow brokers to choose the best loan to suit their clients’ requirements.
“We hope the additional incentives will minimise the initial outlay associated with expanding a portfolio or reduce landlords’ outgoings when remortgaging.”