Accord cuts buy-to-let rates

Accord Buy to Let is cutting the rates across its 75% LTV range by up to 0.35%.

It is also offering a range of incentives to help landlords manage the upfront costs of buying or remortgaging.

Accord’s two-year fixed rate mortgages are available to landlords with a deposit of 25% at either 3.19% with no product fee, or at 2.84% with a £800 fee.

Those looking to expand their portfolios will receive £500 cashback on completion.

Remortgaging landlords have the choice of free standard legal work and standard valuation, or £300 cashback on completion and free standard valuation.

The intermediary-only lender, part of the Yorkshire Building Society Group, has also launched a two-year tracker mortgage at 1.89% for 60% LTV customers.

This mortgage comes with £500 cashback on completion for house purchases.

For remortgages, it offers a choice of free standard legal work and standard valuation, or £300 cashback on completion and free standard valuation.

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 our new 75% LTV range allows those with a 25% deposit to pick and choose the best loan to suit their individual requirements.

“The addition of our new two-year tracker options means we now offer both fixed-rate and tracker buy-to-let mortgages below 2%, which we hope will appeal to both landlords and brokers.”