Accord launches new buy-to-let range with no ERCs
Accord Mortgages has launched a range of five-year fixed rate buy-to-let products with no early repayment charges.
"We know landlords value increased flexibility when managing their properties so we’ve designed this new range to offer just that."
The new range is available from Monday on mortgages up to 80% LTV and is available to first-time landlords, existing landlords and portfolio landlords.
Rates start at 2.39% up to 65% LTV, 2.93% up to 75% LTV, and 3.99% up to 80% LTV.
Products come with fees of £1,995 and include free standard valuation. Landlords purchasing a property will also benefit from £250 cashback. Those remortgaging can choose either £250 cashback or the lender’s remortgage legal service.
Simon Garner, Accord’s buy-to-let mortgage manager, said: “We know landlords value increased flexibility when managing their properties so we’ve designed this new range to offer just that.
“Whether they want to make unlimited overpayments or have the option to transfer to a new product early, we expect these products to be a welcome addition to what’s currently a very small offering in the market.”
Breaking news
Direct to your inbox:
More
stories
you'll love:
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
This week's biggest stories:
FCA
Firms required to report complaints involving vulnerable customers under simplified FCA rules
FCA
FCA sets out timeline for mortgage rule changes
Santander
Santander joins mortgage price war with new rates from 3.51%
Inflation
Bank of England set to cut rates as inflation falls to eight-month low
Nationwide
FCA fines Nationwide £44m for inadequate financial crime controls
FCA
FCA announces new measures to support growth of mutuals sector