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Accord moves to offer cheaper LTV deals for BTL
This article is an external press release originally published on the Landlord News website, which has now been migrated to the Just Landlords blog.
Today has seen Accord Buy-to-Let move to reduce some of its buy-to-let rates on selected lower LTV mortgages. In addition, the lender has introduced new 65% LTV options.
The Yorkshire Building Society Group’s intermediary-only lender has slashed rates for landlords at 65% and 75% LTV by up to 0.2%.
Fixed Rates
A two-year fix is now available at just 1.99% for buy-to-let borrowers with a 35% deposit. At 75% LTV, buyers can secure a two-year fix at 2.04%. Both mortgages are available to landlords looking to remortgage or extend their portfolio and come with a £1,995 product fee.
Just last year, Accord moved into the consumer buy-to-let market and now also offers 65% LTV products. These include a 2.54% two-year fix with a £450 product fee.
Accord moves to offer cheaper LTV deals for BTL
Those purchasing a new property will receive £500 cash-back on completion. In addition, remortgaging landlords can pick a free standard valuation and £300 cash-back on completion, or free standard valuation and legal costs.
Value for Monday
Chris Maggs, Accord’s Buy-to-Let Commercial Manager, noted: ‘We are always looking at ways to offer landlords value for money and we believe that these mortgages will prove very attractive thanks to the competitive rates and additional features. We hope brokers looking for competitive deals on buy-to-let property purchases and remortgages will welcome these new rates as much as their clients.’[1]
[1] https://www.landlordtoday.co.uk/breaking-news/2017/1/cheaper-ltv-options-available-from-today-for-btl-landlords
