Atom bank has enhanced its care home product to accept applications from first-time and less experienced operators, subject to them meeting additional criteria. The move, which will introduce criteria such as a stressed debt service cover of 145% minimum and a maximum 70% LTV, is part of the bank’s push to support sectors including health and social care, that can find it difficult to access credit.

Accord Mortgages has announced more changes to support borrowers by increasing its maximum loan-to-value (LTV) on buy-to-let (BTL) new-build flats and enhancing its criteria for contractors. The lender has increased the maximum LTV to 75% for landlords looking to purchase a new-build flat – in line with its criteria for landlords purchasing a new-build house. Accord suggested this move is designed to further support the “under pressure” private rental sector. The lender has also enhanced its contractor criteria for both residential and BTL lending, enabling it to consider applications from a wider range of borrowers.

The Conveyancing Association has launched a new protocol document to help firms support the home buying and selling process, and to help deliver improvements in the efficiency and safety of it. The association’s Future Digital Conveyancing Protocol has been written to include a range of recommendations for conveyancers, acting on behalf of both the buyer and the seller, and is designed to help proactive firms make the most of the digital technology available and the greater use of upfront information.

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