Accord enters consumer buy-to-let

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Accord Buy To Let has today announced it will be entering the consumer buy-to-let market.

From today the broker-only lender will take applications from amateur landlords who plan to let out a single property where they or their relatives have previously lived.

Accord says it is making the move following “significant demand” for this type of mortgage following the rollout of the European Mortgage Credit Directive, Accord has monitored this sector and has seen significant demand for this type of mortgage.

The lender has made its full buy-to-let mortgage range available to consumer buy-to-let borrowers.

Accord Buy to Let commercial manager Chris Maggs says: “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.”