Accord Buy To Let resumes lending for first-time landlords

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Accord Buy To Let resumes lending for first-time landlords

By Michael Griffiths

10/08/2020

Accord Buy To Let has announced it will now accept applications from first-time landlords, up to a maximum LTV of 75%.

Lending was temporarily paused for this sector in May as part of several measures taken in response to the COVID-19 pandemic.

The intermediary lender has reinstated all of its existing first-time landlord criteria as of March 2020, up to 75% LTV, for any applications now received.

The move comes after Accord Buy To Let announced on 30 July that it was reducing rates, extending end dates and introducing 14 new products for landlords.

Accord corporate account manager – propositions, Nicola Alvarez, said: “We’re pleased to once again offer our support to borrowers wanting to enter the buy-to-let market.

“We know brokers have been limited over the last few months, but with our recent product refresh, we now have a comprehensive range of options now available to suit both new and established landlords.”

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