Accord Mortgages has launched a range of 5-year fixed rate buy-to-let products with no early repayment charges (ERCs).
The new range, which is available from Monday (17 January) on mortgages up to 80% loan-to-value (LTV), will benefit landlords who want increased flexibility when financing property.
The intermediary-only lender’s ERC-free five-year fixed rate 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
Products in the range come with fees of £1,995 and include free standard valuation. Landlords purchasing a property will also benefit from £250 cashback. Those remortgaging can choose either £250 cashback or the lender’s remortgage legal service.
Simon Garner, Accord’s buy-to-let mortgage manager, said: “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.”
