Accord revamps buy-to-let offering

Accord revamps buy-to-let offering

Accord has unveiled 17 new buy-to-let deals as well as reduced rates by up to 0.35 percentage points on selected mortgages.

There is now a 1.64% two-year fix available for both purchase and remortgage customers with a 40% deposit. This mortgage has a £950 fee and comes with £500 cashback on completion and free standard valuation.

Accord has also launched a choice of new tracker mortgages with no early repayment charges (ERCs).  At 65% loan to value (LTV) is a 2.04% two-year tracker, and a 2.29% two-year option at 75% LTV. Both mortgages are available to remortgaging landlords and those extending their portfolio, and have a £950 fee and free standard valuation.

In addition, to help landlords manage the upfront cost of getting a mortgage, Accord has reduced its £1,995 product fee to £1,495 on certain options, and selected mortgages which previously had a £450 fee are now fee free.

Chris Maggs (pictured), commercial manager at Accord Buy To Let, said: “We constantly review our mortgage range and we believe these new products provide landlords with some of the most competitive products in the market. Coupled with competitive affordability calculations we believe we are providing exceptional options for landlords.”