Accord Launches New Products at 60 per cent LTV

Accord has expanded their selection of buy to let mortgages once again, offering a new range at 60 per cent LTV.

The intermediary only lender, which is a part of Yorkshire Building Society, has just brought out a range of new products aimed at both property investors looking to buy anew and those seeking a remortgage deal. The deals aim to offer long term security for landlords and investors.

One of these is a two-year fix at 1.64 per cent. This is available to both remortgaging landlords or those aiming to expand their portfolio. The mortgage comes complete with a £1,995 product fee as well as £550 cashback on completion. A free standard valuation is also offered.

For those looking to remortgage, a highlight of the range is a 1.99 per cent two-year fix at 65 per cent LTV. This comes with £750 cashback on completion, and a free standard valuation.

If customers are seeking to purchase a new investment property, there is a 2.08 per cent two-year fix on offer at 75 per cent LTV. This product also offers £750 cashback on completion. Both of the aforementioned mortgage products come accompanied by a £950 product fee.

Accord has also reduced rates on selected two and 5-year mortgages by up to 0.2 per cent.

Commercial Manager at Accord Buy To Let, Chris Maggs, commented on the new additions to the range: ‘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. We’re confident they will prove popular to brokers and borrowers thanks to their competitive rates and additional features.’