Accord Buy To Let is cutting selected two and five-year fixed rates at 75% loan to value (LTV) mortgages by up to 0.15 percentage points.
For example, there is a fee-free 2.62% two-year fix available and a five-year fix at 2.69%, which has a £1,495 fee.
Both mortgages provide remortgaging landlords with a choice of either free standard valuation and free legal fees, or £500 cashback on completion and free standard valuation. The latter option is also available to landlords buying a new property.
Chris Maggs (pictured), commercial manager at Accord Buy To Let, said: “Whilst two-years seem to be the term of choice for many of our customers, five-year deals are also growing in popularity as landlords look to fix for longer during the uncertain times ahead.
“We wanted to ensure that we have a number of attractive offerings available at both two and five years so landlords, with the help of a broker, can weigh up the best way forward for their portfolio.
“With a potential bank rate rise looming landlords may be savvy by plumping for a longer term deal, which could save them money in the long run. However, a shorter term will provide flexibility to react quickly should the market change over the next couple of years.”
