At the same time, the intermediary arm of Yorkshire Building Society has expanded its range of mortgage deals for existing landlord customers.
The lender offers two-, three- and five-year deals at 60%, 65% and 75% loan to value (LTV) for current borrowers.
Rates start from 1.99% with a £950 fee, or 2.22% without fees, for landlords looking for 60% LTV two-year mortgages.
The lender pledged to continue to write to customers 90 days prior to the end of their existing mortgage to outline their available options, which includes talking to a broker to get advice about the right product for them.
Accord Buy To Let currently pays brokers 0.50% in proc fees for new business.
Jeremy Duncombe, director of Accord Mortgages said: “We’re delighted to be able to give brokers the option of retaining existing buy-to-let business with Accord and paying a procuration fee of 0.30%.
“We understand how important it is to offer intermediaries a procuration fee that reflects their efforts to ensure landlords get a new deal best suited to their needs when their current mortgage deal ends.
“Combined with a new range of deals, we hope brokers feel supported with increased product choices they can offer to those refinancing their portfolio.”
