"Brokers are continuing to try to meet their clients’ needs in a historically challenging and fast-changing market environment"
Accord Mortgages is re-entering the 80% LTV buy-to let lending space for the first time in seven months.
The new products on offer include a variety of two and five-year fixes and Bank of England base rate (BBR) trackers, with options in each category for house purchase and remortgage.
Products include a two-year tracker at BBR + 1.25% with £250 cashback, a two-year fix at 5.39% with £500 cashback, and a five-year fix at 5.29% which also offers £500 cashback.
All products come with a £995 product fee and free standard valuation.
Earlier this month, Accord amended its buy-to-let interest coverage ratio rate (ICRR) requirements to help more landlords meet affordability requirements.
Jeremy Duncombe, managing director at Accord, said: “We understand that brokers are continuing to try to meet their clients’ needs in a historically challenging and fast-changing market environment where common-sense solutions are increasingly hard to find.
“At Accord, we pride ourselves on continually looking for opportunities to support underserved borrowers, and this is the latest example.”
