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Accord refreshes buy-to-let and cashback rates

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  • 11/07/2018
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Accord refreshes buy-to-let and cashback rates
Accord has reduced rates and added cashback to select buy-to-let mortgages.

 

The broker arm of Yorkshire Building Society has upped the competition for landlords remortgaging or buying property.

Buy-to-let investors with a 35% deposit can now access a two-year fixed rate mortgage at 1.82%, with a £1,495 fee, free standard valuation and a choice of either £750 cashback on completion or free legal fees and £250 cashback.

There is also a two-year fixed rate mortgage at 1.74% with free standard valuation and cashback of £750 at up to 60% loan to value (LTV). This mortgage also comes with a £1,495 fee.

A fee-free five-year fixed rate mortgages is priced at 2.93% for landlords looking to remortgage at 65% LTV, which comes with free standard valuation and free legal fees.

Chris Maggs, commercial manager at Accord buy to let, said: “We’ve made a number of changes across our buy-to-let mortgage range to make sure we’re offering attractive options for landlords to consider.

“We recognise that landlords have differing needs so have varied the competitive rate offerings, additional features and range of mortgage fees for landlords, with the help of a broker, to weigh up.

“We’re confident this new range will appeal to a variety of borrowers reassessing their portfolio at this time.”

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