It means the lender is now offering a two-year fixed rate starting from 1.67% for landlords requiring 60% loan-to-value.
This mortgage is for both landlords looking to extend their portfolio, or those remortgaging. It has a product fee of £1,495 but comes with free standard valuation and cashback up to £750.
Landlords looking to remortgage their current portfolio can now also opt for a two-year fixed rate of 2.08%, a rate reduction of 0.16% at 75% LTV. This mortgage comes with a £950 fee and has £750 cashback and free standard valuation.
Accord has also introduced two new five-year fixed rate mortgages for those re-financing their portfolio.
Landlords with 65% LTV can choose a five-year fixed rate mortgage at 2.09% and those who have a 25% deposit can benefit from a rate of 2.49%. Both options have a £1,995 fee and free standard valuation.
Chris Maggs (pictured), commercial manager at Accord Buy To Let, said: “We continue to make changes to our buy-to-let mortgage range to offer additional and improved choice to brokers and their clients.
“Amid economic speculation of a rise in Bank Rate in the near future we’ve introduced new mortgages designed to offer landlords longer-term peace of mind until 2023, and have reduced rates across our range to offer competitive options for a range of borrowers.”
