Mortgage News
Accord ups fight for landlord business with remortgage rate cuts
Accord has reduced rates on its buy-to-let remortgage deals, in the latest move to win landlord business.
The lender is chopping selected rates by up to 17%, meaning remortgage landlords can now fix for two years at 2.64% at 75% Loan To Value (LTV) with a £450 product fee.
The intermediary arm of Yorkshire Building Society is also now offering a 3.09% five-year fix at 65% LTV, with a £450 product fee.
Landlord extras
All products in the lender’s remortgage range allow landlords to opt for either free standard valuation and free legal fees, or £500 cashback on completion and free standard valuation.
Earlier this month Accord announced free standard valuations and up to £1,000 of cashback on fixed rate buy-to-let purchase mortgages.
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Chris Maggs, commercial manager at Accord Buy To Let, said: “We recently adjusted our house purchase range giving landlords looking to expand their portfolio a boost, and we’re pleased to be able to offer landlords a further helping hand with the upfront costs of remortgaging.
“We know there are differing views among landlords about choosing a conveyancer, so we have provided a choice of additional extras to suit different individual’s needs.”