Accord Mortgages is cutting rates on it’s buy-to-let products by up to 0.40%.
The intermediary arm of Yorkshire Building Society is introducing the products from 8am Tuesday 31 October, reducing select three-year products at 60% loan-to-value (LTV) by up to 0.40%, with five-year products also reduced by up to 0.20% at 80% LTV. Two-year products see a reduction up to 0.25% at 80% LTV.
Highlights of the new range include:
- A three-year fixed rate at 5.49% (was 5.89%) at 60% LTV which comes with a £995 fee, free standard valuation and £250 cashback
- A two-year fixed rate at 5.54% (was 5.64%) at 60% LTV which comes with a £1,995 fee, free standard valuation and remortgage legal service
- A five-year fixed rate at 5.34% (was 5.44%) at 65% LTV which comes with a £995 fee, free standard valuation and remortgage legal service.
The intermediary-only lender has also extended product end dates to 28 February, to offer maximum product term value to brokers and their clients.
Accord buy-to-let product manager Aidan Smith says: “We’re delighted to be able to reduce selected rates across our buy-to-let product range and help landlords who – we’re acutely aware – are finding things a challenge at the moment.
“We pride ourselves on supporting the buy-to-let sector, and take any opportunity where we can to reduce rates and make our products more competitive for brokers and their landlord clients.”
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