Accord grants first-time landlords access to BTL range

Accord grants first-time landlords access to BTL range

Accord has announced that from today, its buy-to-let range will be available to those buying a property to let for the first time

Accord’s standard buy-to-let lending criteria will apply to new landlords, including a minimum requirement of a 25% deposit. Applicants must also own their own residential home and pass credit checks.

The intermediary-only lender, which is part of the Yorkshire Building Society, has also launched two new low-fee purchase mortgages for landlords starting out.


On offer is a two-year fix at 2.69% and a five-year fix at 3.29% for landlords with a 25% deposit. Both options come with a £195 fee, plus £1,000 cashback and free standard valuation. These mortgages are also available to existing landlords looking to expand their portfolio.

Chris Maggs, Accord Buy To Let’s Commercial Manager, said: “The buy-to-let market has presented a number of hurdles for prospective landlords over the past year. However, there is still an appetite among would-be investors so we want to support that part of the market.

We’re committed to helping those who have made a conscious decision to enter the buy-to-let market. This may not always be the case for some people seeking a let-to-buy mortgage. Therefore our lending criteria will not permit let-to-buy applications for first time landlords at this time.

Brokers can get in touch with our knowledgeable business development team for further information on first time landlords and for full details on our buy-to-let proposition.”

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Latest Comments

Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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