Accord’s Buy to Let range is now available for First Time Landlords. To celebrate the launch we’ve introduced two new house purchase products with £1,000 cashback and free valuation. So, if your client has decided to enter the Buy to Let market, we’re now open to help.
Consumer Buy to Let
In case you missed it Accord now accept Consumer Buy to Let applications, so if your client has a property, they or a relative have lived in and need to let out, we can help them too.
Click here for more information
And we’re always making improvements to what we do
We’ve rebuilt our rental calculator, so within a couple of minutes you’ll know how much your client can borrow, what they’ll pay each month and the monthly rent. If your client wants a five-year fixed rate product we ALWAYS offer an interest coverage ratio (ICR) of 135% at a stressed rate of 5% or the product rate (whichever is the higher). Here’s what one broker had to say about our changes.
“Just a quick note to say I have been looking at the new BTL calculator which I have found useful and easy to use. I am pleased to see the Rental coverage rate at 135% too as some lenders are using 145%. Also the option of using 5% rather than 5.5% for the stress rate on 5 year fixed cases will help too. I will be submitting a couple of cases for some clients in the next few days on the back of the recent changes”
Carl McGovern
Mortgage 65
Click here to see our BTL product range
