Accord offering 1.84% buy-to-let fixed rate mortgage
Accord Mortgages is offering one of the lowest buy-to-let fixed rates.
Even though the broker-only lender (owned by the Yorkshire Building Society) recently raised the rate from 1.74% it is still impressively low.
The 1.84% mortgage is fixed until 31 December 2017.
From January 2018, the mortgage will revert to the lender’s standard variable rate which is currently 5.79%. The overall cost for comparison is 5.3% APR.
Aaron Strutt, product manager at Trinity Financial, says: “A host of banks and building societies are offering buy-to-let mortgages priced around 2% and, they have a range of arrangement fees. If you are looking for a short term mortgage, they offer incredible value for money.
“Accord’s mortgage has a £2,495 arrangement fee and a maximum loan size of £1,000,000. Borrowers will need a clear credit history and a 40% deposit to qualify.”
For help to secure a buy-to-let mortgage, call Trinity on 020 7016 0790.
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