Intermediary-only lender Accord Buy to Let is adding 13 products at 60-65% loan to value ratio (LTV) with 2 or 3-year fixed term options.
The products being introduced include: a 2-year fixed rate at 60% LTV of 1.96%, with no product fee, free valuation and either £250 cashback or free standard legal services; a 2-year fixed rate at 65% LTV of 1.87%, with a £950 product fee, free valuation and either £250 cashback or free standard legal services; a 3-year fixed rate at 65% LTV of 2.05%, with a £950 product fee and free valuation.
In addition, Accord Buy to let is reducing rates on more than half of its existing range of products.
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For example, a 5-year fixed rate at 60% LTV is now 2.02% (previously 2.09%) and a 5-year fixed rate at 65% LTV is now 2.21% (previously 2.23%); both products come with no product fee, free valuation and either £250 cashback or free standard legal services.
A 2-year fixed rate at 60% LTV is now 1.60% (previously 1.62%), with a £950 product fee, free valuation and either £250 cashback or free standard legal services.
Simon Garner, product manager at Accord Buy To Let, said: “These are difficult times for all and so we’ve reviewed our product range and looked at where we can offer better options to landlords wanting fixed-rate shorter terms whilst they wait to see how the market adjusts.”
By Jessica Bird
Source: Mortgage Introducer