Accord Mortgages, part of Yorkshire Building Society, has reduced rates across its range of two-year fixed buy-to-let mortgages.
The rate cut, of up to 0.15 percentage points, is for products at up to 60 per cent loan-to-value (LTV). Rates now start at 2.44 per cent.
Highlights among the new offers include:
- 2.44 per cent two-year fixed rate mortgage with £2,495 product fee and £500 cashback on completion
- 2.44 per cent two-year fixed rate mortgage with £2,495 product fee, free standard valuation and free standard legal services
- 2.44 per cent two-year fixed rate mortgage with £2,495 product fee, free standard valuation and £300 cashback on completion
Brokers and borrowers looking for a lower up-front product fee can apply for a two year fixed rate mortgage at 60 per cent LTV with a rate of 2.59 per cent. This has an £800 product fee and comes with £500 cashback in completion.
There are now also two mortgages with a rate of 2.74 per cent at 60 per cent LTV fixed for two years. Both mortgages come with an £800 product fee and landlords taking out these mortgages can choose between free standard valuation and free standard legal services or free standard valuation and £300 cashback on completion.
Chris Maggs, commercial manager at Accord Buy-To-Let, said:
“These mortgage rate reductions represent our ongoing commitment to providing value for money for borrowers and brokers looking at buy-to-let mortgages. As well as offering competitive rates fixed for two years these mortgages come with varied incentives to allow borrowers to find the deal that suits them best to help reduce the initial outlay of buying a property.”
