Following the implementation of the European Mortgage Credit Directive, Accord has monitored this sector and has seen significant demand for this type of mortgage. The lender is therefore making its full buy-to-let mortgage range available to consumer buy-to-let borrowers.
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.”
