Accord has increased its maximum BTL loan size to £1.5m.
This was previously £1m on 75% LTV loans for experienced landlords, but the limit has been increased with immediate effect.
The maximum loan on products between 75.01% and 80% LTV will rise from £500,000 to £750,000.
First-time landlords can borrow up to £1m (on products up to 75% LTV) and all existing policy rules, affordability criteria and lending requirements are unchanged.
“We are always looking for opportunities to offer even more support to the private rental sector, helping landlords, who play a crucial role in a functioning housing market, to supply or improve much-needed rental accommodation,” said Angelika Christian, strategic partnerships and propositions manager at Accord.
“This change recognises the significant increase in property prices in recent years, offering greater flexibility and choice for brokers supporting landlords with larger portfolios or higher-value properties.”
