Accord reduces Buy to Let rates

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Landlords looking to secure a longer term deal can now benefit from up to a 0.30% reduction on Accords entire five-year fixed rate mortgage range.

The intermediary-only lender, which is part of Yorkshire Building Society Group, has reduced rates on all of its five-year fixes and selected three-year fixes for those with a 40% and 25% deposit.

Chris Maggs, Accord’s buy-to-let commercial manager, said: “The buy-to-let mortgage market is providing landlords with some favourable deals at the moment. The cuts to our fixed-rate mortgages, coupled with some great incentives, make our buy-to-let offerings highly competitive.

“We believe that it’s important to tailor our mortgages around landlords needs, and provide them with good value for money options. We have recently launched a range of tracker mortgages with no early repayment changes to give landlords flexibility should their circumstances change over the next two years.”

The range includes a 2.89% five-year fix at 60% loan-to-value and is available to remortgaging landlords with an £800 fee.

A three-year fix at 2.39% is also available to remortgaging landlords with a 40% deposit, and comes with a £800 fee.

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