Accord Buy-To-Let has launched a new range of mortgages this month which it says includes mortgages for landlords looking to expand their portfolio or those wanting to get a competitive remortgage on an existing property.
The intermediary-only lender, which is part of Yorkshire Building Society Group, is offering landlords looking to remortgage an existing property a free standard valuation and free stand legal fees or £300 cashback on completion.
For those landlords looking to expand their portfolio, Accord is offering up to £500 cash back on completion for house purchase mortgages.
The lenders says products are available at differing loan-to-values (LTVs) up to 75%, giving landlords alternative interest rate options dependent on the size of deposit available.
The two-year fixed rate range includes:
• 2.79% fixed rate mortgage at 60% LTV with a £2,495 product fee, free standard valuation free legal service or £300 cashback on completion
• 2.79% two-year fixed rate mortgage at 60% LTV with a £2,495 product fee and £500 cashback on completion
Three-year fixed rate highlights include:
• 3.09% three-year fixed rate mortgage at 65% LTV with a £2,495 product fee and £500 cashback on completion
• 3.34% three-year fixed rate mortgage at 75% LTV with a £2,495 product fee, free standard valuation and free legal service or £300 cashback on completion
New five-year fixed rate mortgages available include:
• 3.59% five-year fixed rate mortgage at 60% LTV with a £2,495 product fee, free standard valuation and free legal service or £300 cashback on completion
• 3.59% fixed rate at 60% LTV with a £2,495 product fee and £500 cashback on completion
• 3.69% five-year fixed rate mortgage at 65% LTV with a £2,495 product fee, free standard valuation and free legal service or £300 cashback on completion
• 3.94% five-year fixed rate mortgage at 75% LTV with a £2,495 product fee, free standard valuation and free legal service or £300 cashback in completion
Chris Maggs, Commercial Manager at Accord Buy-To-Let, commented: “We are pleased to launch this new range of mortgages for landlords, the five-year mortgages offer the security of a longer term while the two and three-year offering good value for borrowers. We are confident they will prove popular to brokers and borrowers thanks to their competitive rates and product incentives.”
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