Accord Mortgages has introduced a new range of two-year discounted standard variable rate mortgages for buy-to-let and residential clients.
The broker-only lender says rates for landlords will start at 2.15% at 60% loan to value, based on a discount of 2.84% on the firm’s standard variable rate (currently at 4.99%), for a two-year term. These rates begin today, 28 June.
It will also offer the discounted standard variable rate products to brokers for residential clients, with variable rates starting at 2.14%. These rates begin tomorrow, 29 June.
The firm, owned by Yorkshire Building Society, says the BTL and residential ranges are available for purchase and remortgage, and come with a free standard valuation. Cashback or the company’s remortgage legal service have also been added to add “more choice and flexibility suited to individual circumstances”.
The business says highlights of the offer for BTL clients include discounted variable rate of 2.15% at 60% LTV with a free standard valuation and cashback for purchase clients, or a choice of cashback or remortgage legal service for those remortgaging.
It says highlights available to residential clients include a fee-free discounted variable rate of 2.21% at 75% LTV. A discounted variable rate of 2.34% at 85% LTV, with a £495 fee and £500 cashback.
Accord Mortgages mortgage manager Simon Garner says: “We’re pleased to reintroduce our discounted standard variable rate mortgages, now with additional incentives, to give brokers more choice when advising both residential and landlord clients.
“These products provide a lower initial rate than our equivalent fixed rate products and with the additional features, could provide great value options for brokers and their clients.”