Accord Buy to Let has unveiled a range of short-term fixed rate mortgages for landlords looking to expand their portfolio.
Deals in the the two-year house purchase range include:
- 2.14% two-year fixed rate mortgage at 60% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation
- 2.29% two-year fixed rate mortgage at 65% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation
- 2.39% two-year fixed rate mortgage at 75% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation
In addition, Accord is offering a three-year fixed rate mortgage at 75% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation, which is available to landlords investing a new property.
Chris Maggs, Accord’s buy to let commercial manager, said: “Landlords have received a number of blows from government reforms this year, most recently an additional 3% of stamp duty levied on the purchase of second homes. We hope our new two and three-year fixes will prove popular with landlords looking to invest in a new property before some of the changes come into effect in April.
“The added incentives of £300 cashback on completion and free standard valuation should help to reduce the upfront costs for landlords expanding their portfolio, and the competitive rates will help brokers looking for the best deal for their clients.”