The BTL sector represents ‘more of an opportunity than a threat’

With savers continuing to receive poor returns from banks and building societies, buy-to-let remains the investment of choice for many people, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields.

Despite a challenging time for the buy-to-let market, characterised by tax and regulatory changes, investment in buy-to-let continues to outperform most major asset classes, as Britain’s rented sector continues to expand, with a sixth of the population – some 10 million people – now living in accommodation rented from private landlords.

“I think the buy-to-let sector is more of an opportunity than a threat,” said David Robinson, national intermediary sales manager at Accord Mortgages.

“There are opportunities in the market such as remortgaging and portfolio landlords,” he added.

Accord Mortgages has expanded its buy-to-let proposition over the past 12 months and aims to continue this during the rest of 2018.

Robinson continued: “Consumer buy-to-let and remortgages are two of our key areas going forward.”

Accord Buy To Let is now offering private landlords more choice when looking to remortgage after it recently launched a new mortgage product. 

The intermediary-only lender is offering a 1.94% two-year fixed rate for remortgaging landlords with a 35% deposit.

This mortgage has a £1,495 fee plus free standard valuation and no legal fees.

Other remortgage deals available through Accord, which is part of Yorkshire Building Society, include a 2.84% five-year fixed rate at 65% LTV, or a 2.94% five-year fixed rate at 75% LTV. Both mortgages come with a £950 fee, free standard valuation and no legal fees, plus £500 cashback on completion.

For landlords looking to add their portfolio, there is a 2.39% two-year fixed rate  at 60% LTV, or a 2.69% two-year option at 75% LTV. This product comes with a free standard valuation, £500 cashback on completion, and no product fee.

We're excited to announce that we're working on building a shiny new website for readers of Landlord Today! As part of this process, commenting on articles will be temporarily disabled. We look forward to sharing our new and improved Landlord Today website with you shortly!