Accord cuts buy-to-let fixed rates

Accord cuts buy-to-let fixed rates

The reductions mean that landlords with a 25% deposit have access to a 2.19% rate with a £2,495 product fee for both remortgages and house purchases.

For borrowers looking for lower fees, a 3.09% fixed rate is available with no product fee and £500 cashback on completion. Landlords can choose from a free standard valuation and legals or a free standard valuation and £300 cashback on completion for remortgage borrowers.

Chris Maggs, Accord’s buy-to-let commercial manager, said: “We hope that by reducing upfront costs landlords can minimise the initial outlay associated with expanding their portfolio or reduce their outgoings when remortgaging, and these competitive rates will help brokers looking for the best deal for their clients.”