Accord expands BTL distribution

The product range includes 2-year, 3-year and 5-year fixed rate products with a range of fee and incentive options as well as tracker deals and remortgage products.

The products include:

  • 2-year fixed rates begin from 3.89% at 65% loan to value with a £1,495 or 0.75% fee.
  • 3-year fixed rates will be available from 4.19% starting at 65% LTV with a £1,495 fee.
  • 5-year fixed rates will be available from 4.79% available at 65% LTV with a £1,995 fee.
  • 2-year trackers will also be available from Bank Base Rate +3.19% available at 65% LTV with a £995 fee.
The range will be available only to the London and South East areas however Yorkshire Building Society has said that it has plans to expand into the wider UK market.

Distribution will be via a limited panel of distribution partners which differ from the partners that have access to Accord’s residential products.

Firms include Concordia, Intrinsic, Legal & General Partnership, London & Country, Mint, Mortgage Advice Bureau, Mortgage Next, Mortgage Intelligence, Mortgages For Business, Openwork, Personal Touch Financial Services, Positive Solutions, Sesame Mortgage Network and The Minel Group.

Jeremy Law, head of buy-to-let at Yorkshire, said: “The launch of our products and the widening of our distribution panel marks the next step in what is a planned, gradual entry into the buy-to-let market.

“Products will continue to be available only within London and the South East, however plans are in place to look into widening this geographical availability as our entry into the market progresses.”