Accord Mortgages re-enters buy-to-let market

It is now offering new two- and five-year fixed rate products

Accord Mortgages re-enters buy-to-let market

Following a temporary withdrawal, intermediary-only lender Accord Mortgages has launched a new range of buy-to-let mortgages.

The lender, which returned to the residential market earlier this month, is now offering two- and five-year products up to 75% loan-to-value.

These include five-year fixed rates – one with a rate of 5.84% at 65% LTV with a £2,495 fee and £250 cashback; and another with a rate of 6.12% at 75% LTV with a £995 fee and £150 cashback. Also on offer is a two-year fixed rate of 6.27% at 65% LTV with a £1,495 fee, £150 cashback.

The products come with a free standard valuation, and are available for purchase or remortgage.

“Following our return to the residential market, we’re pleased to re-introduce a new buy-to-let range to provide choice for brokers and their landlord clients,” Jeremy Duncombe (pictured), managing director at Accord Mortgages, said.

“In what remains a volatile market, our primary focus has been to return to lending to give brokers and their clients choice in a way that is responsible for both borrowers and the organisation, while protecting service levels,” Duncombe stated during the lender’s relaunch of residential mortgage products last week.