Accord Mortgages Buy To Let 5 year fixed rate. Very good Buy to Let Mortgage product for landlords.
Accord Mortgages Buy To Let 5 year fixed rate could be the answer to protecting your rental income over the long term. Accord Mortgages is a dedicated Intermediary only subsidiary of Yorkshire Building Society, the UK’s 2nd largest mutual Building Society. They have always been good with rates but in my experience they can be quite demanding when it comes to underwriting process and criteria so we tend to use them for low loan to value straight forward cases mainly for applicants with no more than a few Buy to Let properties.
Initial Rate: 3.64% Subsequent:5.99% The overall cost for comparison is 5.5%
- Features: Fixed until 30/11/2019. For buy-to-let properties.
- Minimum deposit / equity: 35%
- Valuation fee: 228
- Other main lender fees: £130 application fee. £800 arrangement fee.
- Early repayment charges: 4/4/3/2/1% of the amount redeemed to 30/11/2019
MY COMMENTS: As all economists are predicting rate rises a 5 year fix could be the prefect solution for locking in your rental yield.
For more information on Accord Mortgages Buy To Let 5 year fixed rate offer please complete the enquiry form on this page or call us on 020 7993 2044.
Rates current as at 17/9/14 . The overall cost for comparison is based on a property value of £250,000 over a 25 year term. Repayment for Residential and Interest only for Buy-to-let. Eligibility will depend on your own personal circumstances.
Key: ERC = Main early repayment charge
Your Home is at Risk if you do not keep up with your mortgage repayments.
Author: Payam Azadi
Payam Azadi is a partner at Niche Advice who are whole of the market Independent Finance Brokers In London. His role is very much focused on Property financing both on residential and commercial lines.