Accord increases maximum buy-to-let loan sizes
The lender is increasing maximum loan sizes across various LTV bands for experienced landlords.
Accord is increasing the maximum loan size on its buy-to-let mortgage range.
The intermediary-only lender is significantly boosting its buy-to-let maximum loan to £1.5 million, up from £1m, on products up to 75% LTV for experienced landlords (those with 12 continuous months of landlord experience).
The maximum loan on products between 75.01% and 80% LTV will rise from £500,000 to £750,000.
First-time landlords can borrow up to £1m on products up to 75% LTV, and all existing policy rules, affordability criteria and lending requirements remain unchanged.
Angelika Christian, strategic partnerships and propositions manager at Accord, said: “We are always looking for opportunities to offer even more support to the private rental sector, helping landlords, who play a crucial role in a functioning housing market, to supply or improve much-needed rental accommodation.
“This change recognises the significant increase in property prices in recent years, offering greater flexibility and choice for brokers supporting landlords with larger portfolios or higher-value properties.”
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