Accord Mortgages is reintroducing buy-to-let mortgages at 80% loan-to-value for the first time in seven months.
The new range for landlords with 20% deposits, for both house purchase and remortgage, goes live at 8am on 28 April as the intermediary-only lender looks to support ‘underserved borrowers’.
New products include a variety of two and five-year fixes, plus Bank of England base rate trackers.
For example, there’s a two-year fixed-rate of 5.39% and a five-year fix at 5.29% for house purchase, both offering £500 cashback.
The two-year base rate tracker has been set at base rate plus 1.25% for both purchase and remortgages, with £250 cashback.
All come with a £995 product fee and free standard valuation.
Accord managing director Jeremy Duncombe comments: “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.
“We pride ourselves on continually looking for opportunities to support underserved borrowers, and this is the latest example.”