Accord Buy To Let has announced that it is now offering buy-to-let mortgages to first-time landlords up to a maximum loan-to-value (LTV) of 75%.
The intermediary lender stopped accepting applications from first-time landlords in May as part of a number of measures taken in response to the Covid-19 crisis.
Nicola Alvarez, corporate account manager – propositions at Accord, said: “We’re pleased to once again offer our support to borrowers wanting to enter the buy-to-let market.”
Not all lenders offer buy-to-let mortgages to first-time landlords because they have no previous experience in this field, and so novice investors will welcome Accord’s move.
Alvarez added: “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.”