Accord Buy To Let has aunched a choice of new mortgages for landlords with a 40% deposit.
The new options include a two-year fix at 1.64% at 60% loan to value (LTV) available to remortgaging landlords or those expanding their portfolio. The mortgage comes with a £1,995 product fee plus £550 cashback on completion and free standard valuation.
The lender has also reduced rates on selected two and five-year mortgages by up to 0.27 percentage points.
Remortgage deals include a 1.99% two-year fix at 65% LTV, with £750 cashback on completion and free standard valuation. Those looking to purchase a new property can access a 2.08% two-year fix at 75% LTV, with £750 cashback on completion. Both mortgages have a £950 product fee.
Chris Maggs (pictured), commercial manager at Accord Buy To Let, said: “We wanted to enhance our mortgage range to give landlords better value for money. We hope by reducing rates on five-year mortgages in particular this will offer landlords the security of a great rate over a longer term.
“We’re confident they will prove popular to brokers and borrowers thanks to their competitive rates and additional features.”