Accord Buy to Let has launched a new range of mortgages for landlords who have a 40% deposit.
The range from the intermediary-only lender includes a two-year fix at 1.64% at 60% LTV available to remortgaging landlords or those expanding their portfolio.
The mortgage comes with a £1,995 product fee as well as £550 cashback on completion along with a free standard valuation.
Accord has also reduced rates on selected two- and five-year mortgages by up to 0.27%, while remortgage highlights include a 1.99% two-year fix at 65% LTV with £750 cashback on completion as well as free standard valuation.
Landlords looking to purchase a new property can obtain a 2.08% two-year fix at 75% LTV, with £750 cashback on completion.
Chris Maggs, commercial manager at Accord, said it wanted to enhance its 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.”