Direct2Landlord

Accord 5 year mortgage?

That is right, we have been doing our research for you and there has been this change to the scenary - Accord has launched anew range of  five-year fixed rate buy-to-let products with rates starting at 3.89%.

Who are Accord?

They are the intermediary lending subsidiary of Yorkshire Building Society.
They are offering the BTL mortgages for purchase and remortgage customers at 70% and 75% LTV over five-year terms.

This would include:

• a five year rate at 75% LTV at 3.89% with a 2.5% completion fee and paid-for standard valuation
• a five year rate at 70% LTV at 4.14% with a £2300 completion fee
• a five year fixed rate at 75% LTV at 4.44% with a £1800 completion fee and £500 cash-back.

We found a source quoting Jemma Anderson, product manager at Accord Mortgages: "We are expanding our range of buy-to-let products by introducing a series of competitive five-year mortgages that will give borrowers the assurance of knowing exactly what they will be paying over a long period of time."

Following this Jemma said: "We are also giving our customers a range of rate and fee options on our competitive new products so they have a wide selection to choose the best mortgage to suit their needs."

So, there is another update from the world of letting, landlords and private landlords.

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