Accord Mortgages, the broker only subsidiary of Yorkshire Building Society, has made a strategic move that’s set to reshape the landscape of the buy-to-let (BTL) market, particularly for new-build flats.
With a keen eye on the changing dynamics of the property market and the potential implications of new energy performance certificate regulations, Accord Mortgages has raised the maximum loanto-value (LTV) for new-build flats to an impressive 75%.
The decision to increase the LTV for BTL new-build flats couldn’t have come at a more opportune time. As the property market evolves, new-build flats are gaining popularity, thanks to their often higher energy performance certificate ratings. These ratings align perfectly with the growing trend among renters who prioritize energy efficiency. With the support of Accord Mortgages, landlords looking to invest in these modern, eco-friendly properties now have access to a more substantial financial cushion.
The decision also aligns with the broader trend in the property market towards sustainability and eco-consciousness. With new-build flats typically designed with sustainability in mind, they are a natural choice for those seeking to reduce their environmental footprint.
In addition to supporting environmental sustainability, Accord Mortgages’ move is a testament to their commitment to the buy-to-let market. By raising the LTV for new-build flats, they are making it easier for property investors to secure the financing needed to expand their portfolios and cater to the growing demand for modern, energy-efficient rentals.