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Accord launches buy-to-let tracker mortgages

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Specialist lender Accord has launched three new buy-to-let tracker mortgage products.

The lender is targeting landlords with 25% deposits by launching three two-year tracker products.

Part of the wider Yorkshire Building Society group, Accord only offers its products through mortgage brokers and other financial intermediaries.

The three mortgage products are available at 2.19% above the Bank of England base rate (currently 0.5%)with a product fee of £800.

For those purchasing a buy-to-let property a £500 cashback offer is available while landlords who remortgage have access to free legal services and valuations.

Chris Maggs, commercial manager at Accord, said: “We are sure the launch of these tracker mortgages will be welcomed by brokers and landlords alike.

“With base rate at historic lows many landlords are keen to take advantage of this and purchase their property with a tracker mortgage while those looking for a new deal will hopefully see value for money from the remortgage options which include some great incentives.”

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