Accord Buy To Let has announced it is increasing its maximum LTV for remortgage customers to 75% and also re-introducing its house purchase products up to 75% LTV.
As the housing market starts to return to normality and physical valuations recommence, the lender said it is re-entering some of the markets it was forced to withdraw from as a result of the COVID-19 pandemic.
Accord Buy To Let has launched a range of new products today to support the changes, and for landlords looking to remortgage, this includes a two-year fixed rate product at 1.84%, 75% LTV with £1,495 product fee, as well as a five-year fixed rate product at 2.16%, 75% LTV and £1,495 product fee.
For landlords wanting to purchase, the lender said highlights of the range include a two-year fixed rate product at 1.71% at 60% LTV with £950 product fee, and a five-year fixed rate product at 1.81% at 60% LTV with £1,495 product fee.
Where possible, Accord Buy To Let indicated that physical valuations will be carried out on all house purchase and remortgage applications.
Accord Mortgages director of intermediary distribution, Jeremy Duncombe, said: “Further to the residential changes announced earlier this week, we are pleased to offer landlords a broader range of options by relaunching house purchase products for Accord Buy To Let and increasing our maximum LTV for remortgages.
“This marks another positive milestone in getting our product offering back to where it was before the lockdown started.
“We have a strong appetite to lend, and we hope to continue updating our criteria and product ranges as the market allows. In the meantime, our residential and buy-to-let ranges offer great choice to brokers in the current environment.”
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