Accord Mortgages, a leading provider of buy-to-let (BTL) mortgages, is set to introduce 80% loan-to-value (LTV) mortgages in seven months. This move is expected to provide a much-needed boost to the UK’s BTL market, which has been struggling in recent years due to a lack of available finance.
The 80% LTV mortgages will be available to both existing and new customers, and will offer competitive rates and terms. This is a significant move for Accord Mortgages, as it will make them one of the few lenders offering such high LTV mortgages. It is also a sign of confidence in the BTL market, which has been struggling due to a lack of available finance.
The introduction of these mortgages is expected to have a positive impact on the BTL market. It will enable more people to purchase property, as they will have access to more affordable finance. This could lead to an increase in demand for BTL properties, which could help to boost the UK’s housing market.
It is also hoped that the introduction of these mortgages will encourage more lenders to enter the BTL market. This could lead to increased competition, which could result in better rates and terms for borrowers.
Overall, the introduction of 80% LTV mortgages by Accord Mortgages is a welcome move for the UK’s BTL market. It is expected to provide a much-needed boost to the sector, and could lead to increased competition and better rates for borrowers. This could help to revive the UK’s housing market, and make it easier for people to purchase property.