Accord Buy To Let has today launched new mortgages for landlords with a 40 per cent deposit.
The new options include a two-year fix at 1.64 per cent for remortgaging landlords or those expanding their portfolio.
It has a £1,995 product fee, £550 cashback on completion and free standard valuation.
The lender has also reduced rates on selected two and five-year mortgages by up to 0.27 per cent.
Accord’s remortgage range now includes a 1.99 per cent two-year fix at 65 per cent LTV.
This loan has £750 cashback on completion and free standard valuation.
House buyers can now get a 2.08 per cent two-year fix at 75 per cent LTV, with £750 cashback on completion.
Both mortgages have a £950 product fee.
Accord Buy to Let commercial manager Chris Maggs says: “We wanted to enhance our mortgage range to give landlords better value for money. We hope by reducing rates on five-year mortgages in particular this will offer landlords the security of a great rate over a longer term.”
