Accord Buy to Let, the intermediary-only lender, has announced that it is now accepting applications from borrowers classed as consumers: non-professional landlords who plan to let out a single property where they or their relatives have previously lived.
The lender, which is part of Yorkshire Building Society Group, has opted to make its full buy-to-let mortgage range available to consumer buy-to-let borrowers in response to growing demand for its products, and following the implementation of the European Mortgage Credit Directive.
Chris Maggs, Accord Buy To Let’s commercial manager, said: “We’re pleased to be lending in this market.
“Offering mortgages to landlords that are classified as consumers, in addition to those landlords that specifically invested in property for business purposes, means that we are providing brokers with a more comprehensive buy-to-let offering.
“It also offers homeowners who become ‘accidental landlords’ a wider choice of competitive mortgages to continue to maintain their property even after they or their family have stopped living there.
“Brokers can get in touch with our knowledgeable business development team, or refer to our handy online decision tree to determine whether a case falls under consumer buy-to-let lending.”