Accord BTL launches short-term fixes

Accord Buy to Let has launched a range of short-term fixed rate mortgages for landlords looking to expand their portfolio, with £300 cashback on completion and free standard valuation.

Related topics:  Mortgages
Rozi Jones
17th December 2015
BTL house signs buy to let

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

The two-year house purchase range includes:

- 2.14% two-year fixed rate mortgage at 60% LTV with a £2,495 fee
- 2.29% two-year fixed rate mortgage at 65% LTV with a £2,495 fee
- 2.39% two-year fixed rate mortgage at 75% LTV with a £2,495 fee

In addition Accord is offering a three-year fixed rate mortgage at 75% 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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