Accord debuts BTL products with no early repayment charges | Mortgage Strategy

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Accord Mortgages will launch a range of five-year fixed-rate buy-to-let products with no early repayment charges.

The broker-only lender says the range, available from 17 January, will cover fixed-rate mortgages of up to 80% loan to value, and is aimed at landlords who want greater flexibility when financing their properties.

The range is available to first-time landlords, existing landlords and portfolio landlords, with rates priced at:

  • 2.39% for 65% LTV

  • 2.93% for 75% LTV

  • 3.99% for 80% LTV

The firm adds that this sute of products come with fees of £1,995, a free standard valuation and £250 cashback.

Landlords who want to remortgage can choose either £250 cashback, or the lender’s remortgage legal service.

Accord buy to let mortgage manager Simon Garner says: “We know landlords value increased flexibility when managing their properties so we’ve designed this new range to offer just that.

Whether they want to make unlimited overpayments or have the option to transfer to a new product early, we expect these products to be a welcome addition to what’s currently a very small offering in the market.”


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