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Do you expect to see less or more second charge mortgage lenders in 2018?

Accord introduces £500 cashback for remortgaging landlords


Accord Buy to Let is offering landlords £500 cashback on selected remortgage loans.

Landlords can receive the cashback when choosing from eight remortgage deals provided by the intermediary-only lender.

The £500 cashback will be available once a mortgage reaches completion.

The products include a 2.44% five-year fix at 60% LTV, a 2.49% three-year fix at 65% LTV or a 2.24% two-year fix for landlords with a 25% deposit.

Each mortgage includes a £950 product fee, free standard valuation and free legal fees as well as the new £500 cashback feature.

Chris Maggs, commercial manager at Accord Buy to Let (pictured above), said: “New year is synonymous with fresh starts, and it’s a time when people look to get their finances in order.

“It’s likely that the buy-to-let market will be predominately focused on remortgage lending during 2018.

“We hope by adding cashback to some of our popular mortgages that already include additional features, it will help landlords to manage the upfront costs of remortgaging a property.”

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