Accord lending to first-time landlords; Lloyds withdraws Lend a Hand | Mortgage Strategy

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Accord Buy to Let has resumed lending to first-time landlords.

The lender withdrew this service in May as the coronavirus started to bite in the UK.

Its first-time landlord products are available at up to 75 per cent LTV and in accordance with Accord Buy to Let’s product range as of March this year.

Accord corporate account manager, propositions Nicola Alvarez says: “We’re pleased to once again offer our support to borrowers wanting to enter the buy-to-let market.

“We know brokers have been limited over the last few months, but with our recent product refresh, we now have a comprehensive range of options now available to suit both new and established landlords.”

In other news, Lloyds Bank has withdrawn its Lend a Hand mortgage on what it says is a temporary basis.

The 100 per cent mortgage that requires a 10 per cent loan from a family member was launched in January of last year.


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