Accord cuts 5-yr BTL fixes by up to 0.30%

The intermediary-only lender’s newly launched competitive mortgages, ranging from 60% to 75% loan-to-value, include incentives such as cashback on completion and free standard valuations.

Landlords with a 25% deposit taking out a mortgage with Accord, part of the Yorkshire Building Society Group, can now get a five-year mortgage with a fixed rate of 3.84% with an £800 product fee and £500 cashback on completion.

Other highlights of the five-year range include:
- 3.29% fixed rate at 60% LTV with a £2,495 product fee and £500 cashback on completion
- 4.04% fixed rate at 75% LTV with a £195 product fee and £500 cashback on completion
- 4.04% fixed rate at 75% LTV with a £195 product fee, £300 cashback on completion and free standard valuation
- 3.69% fixed rate at 75% LTV with a £2,495 product fee and £500 cashback on completion.
 

Rates will also be reduced on two and three-year fixed rate mortgages. The highlights include:

- 2.84% two-year fixed rate mortgage at 60% LTV with a £195 product fee £300, cashback on completion and free standard valuation
- 2.64 two-year fixed rate mortgage at 60% LTV with an £800 product fee and £500 cashback on completion.
- 2.89% three-year fixed rate mortgage at 65% LTV with an £800 product fee and £500 cashback on completion
- 3.24% three-year fixed rate mortgage at 75% LTV with an £800 product fee and £500 cashback on completion.

Chris Maggs, Commercial Manager at Accord Buy-To-Let, said:

“Brokers and landlords are looking for the security of a five-year fixed rate mortgage with a competitive rate, which is what we’re offering with these reductions. We also hope the added incentives such as cashback on completion and free standard valuations will prove popular with brokers and landlords looking to get the most from a mortgage.”