Accord announce new short-term fixed rates for BTL

accord-BTLAccord Buy to Let has announced a range of short-term fixed rate mortgages for landlords looking to expand their portfolio, with the added incentive of £300 cashback on completion and free standard valuation.

The intermediary-only lender, which is part of the Yorkshire Building Society Group, is now offering a selection of competitive two-year fixes for landlords with a 25%, 35% and 40% deposit.

Highlights of the two-year fixed house purchase range include:

  • a 2.14% mortgage at 60% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation.
  • a 2.29% mortgage at 65% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation.
  • a 2.39% mortgage at 75% LTV with a £2,495 fee, £300 cashback on completion and free standard valuation.

In addition Accord is offering a three-year fixed rate mortgage at 75% loan-to-value (LTV) with a £2,495 fee, £300 cashback on completion and free standard valuation, which is available to landlords investing a new property.

Chris Maggs, Accord’s Buy to Let Commercial Manager, said: “Landlords have received a number of blows from government reforms this year, most recently an additional 3% of stamp duty levied on the purchase of second homes. We hope our new two and three-year fixes will prove popular with landlords looking to invest in a new property before some of the changes come into effect in April.

The added incentives of £300 cashback on completion and free standard valuation should help to reduce the upfront costs for landlords expanding their portfolio, and the competitive rates will help brokers looking for the best deal for their clients.”

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