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Accord launches into consumer BTL

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  • 10/04/2017
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Accord launches into consumer BTL
Accord is entering the consumer buy-to-let market.

From today the lender will begin accepting buy-to-let applications from borrowers classed as consumers: non-professional landlords who plan to let out a single property where they or their relatives have previously lived.

Applicants will be able to choose from its full range of buy-to-let mortgages.

The lender said it had been monitoring the sector since the implementation of the European Mortgage Credit Directive and had seen significant demand for this type of mortgage.

Accord buy to let commercial manager Chris Maggs said: “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.”

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