Accord Buy To Let plans to expand into the first-time landlord and consumer buy-to-let markets, according to buy-to-let commercial manager Chris Maggs.
The lender will do this at the end of 2016 or beginning of next year, he says.
Maggs says: “So far we have had a relatively conservative proposition, but we are looking to expand that. We will start to look at new markets.”
Accord is eyeing these new areas to help grow its market share, according to Maggs.
He says: “The market has contracted a little bit since the government intervened so we want to grow our market share. We need to get into these markets to do that.”
The lender will start small with a cautious approach to the new markets, Maggs says.