Accord Buy To Let has increased the maximum LTV to 80%
Good news for landlords with smaller deposits
The lender is now offering nine products for landlords looking to buy a new property or remortgage an existing one with a 20% deposit. Rates on the new 80% LTV range start at:
- 3.49% for a two-year fixed rate deal, which for house-purchasing comes with free valuation, £500 cashback and a £950 fee.
- A five-year fixed rate mortgage with free valuation, £500 cashback and a £950 fee is also available for landlords looking to add to their portfolio at a rate of 3.69%.
Accord will lend up to £500,000 on mortgages up to 80% LTV.
Toni Roberts, Product Manager at Accord Buy To Let said:
“In what is a limited market we’re pleased to offer landlords more options at 80% LTV. The competitive two and five year fixed rates come with a variety of set-up options to ensure brokers have a choice of mortgages that best meet their client’s needs, be that with or without upfront fees or incentives depending on their circumstances. We’re also really pleased to be able to lend on this new range up to £500,000, which is competitive for this LTV.”
Roberts added: “Following feedback we’ve simplified our processes to help brokers submit successful applications as well as updating our Decision in Principle rules to ensure quicker, more accurate decisions.”