Rates will be available at 2.29% for a two-year fix at 65% LTV with a £800 fee, or at 2.89% for 75% LTV which comes with fee-free options and added incentives.
For remortgaging landlords, a two-year fix at 2.44% at 65% LTV will be available with a £800 fee and free standard valuation and legal fees. Accord will also offer the option of a two-year fixed remortgage at 2.49% for 65% LTV with an £800 fee and £300 cashback on completion, plus free standard valuation.
Chris Maggs, Accord’s buy-to-let commercial manager, said: “We are very pleased to reduce the rates on our two-year mortgages, especially at a time when landlords are getting to grips with tax increases. We hope that by reducing rates landlords can consider expanding their portfolio or reduce outgoings through remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”
Last month, Accord revealed that it was gearing up to make sweeping criteria changes across its buy-to-let proposition, including lending to first-time landlords.
