Accord Buy To Let has increased the maximum loan to value (LTV) for remortgage customers to 75% and re-introducing its house purchase products up to 75% LTV.
For landlords looking to remortgage, the new range includes:
- Two-year fixed rate at 1.84% at 75% LTV with £1,495 product fee, free standard valuation and either £250 cashback or free standard legal services
- Five-year fixed rate at 2.16% at 75% LTV with £1,495 product fee, free standard valuation and either £250 cashback or free standard legal services
For landlords wanting to purchase, deals include:
- Two-year fixed rate at 1.71% at 60% LTV with £950 product fee, free standard valuation and £500 cashback
- Five-year fixed rate at 1.81% at 60% LTV with £1,495 product fee, free standard valuation and £500 cashback
Where possible, physical valuations will be carried out on all house purchase and remortgage applications. For the time being, the intermediary lender will only be able to lend where at least one applicant owns an existing buy-to-let property.
Jeremy Duncombe (pictured), director of intermediary distribution at Accord Mortgages, said: “Further to the residential changes announced earlier this week, we are pleased to offer landlords a broader range of options by re-launching 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.”
