Accord Buy to Let resumes lending for first-time landlords

Accord Buy To Let has resumed accepting applications from first-time landlords up to a maximum loan-to-value (LTV) of 75%.

Lending was temporarily paused for this sector in May as part of several measures taken in response to the coronavirus pandemic.

The intermediary lender has reinstated all of the existing first-time landlord criteria (as of March 2020), up to 75% LTV, for any applications now received.

Nicola Alvarez (pictured), 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.

“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.”