BTL New Build | Accord Mortgages
BTL New Build
| Property Type | Maximum LTV |
|---|---|
| New Build Houses | 75% |
| New Build Flats | 75% |
- Minimum Property Valuation must be £100,000
New build offers are valid for 6 months and can be reissued for a further 6 months
Top Slicing (the use of surplus earned income to make up rental shortfall) is not permitted for lending on new build properties
Builders Incentives
For Houses & Bungalows: the maximum allowable builder’s incentive is 5%. If the total value of incentives exceeds 5% of the purchase price, the difference should be deducted from the purchase price and LTV calculated on then lower figure
For flats and maisonettes: where the builder’s incentive is cash back or deposit paid, this is not acceptable unless the full incentive is deducted from the purchase price to calculate the loan to value. Any other incentives must not exceed 5%
Unfortunately, we are unable to accept applications for some new build developments. Use our handy tool to check before you submit an application - start typing the postcode, builder or development name below to see if it's on our list.
Please note: for partial postcode matches, please ensure you have also searched for the name of the builder and/or development name.
Why choose Accord for your client’s New Build mortgage?
New Build houses and flats are available up to 75% LTV
with incentives up to 5%.
Plus, Day 1 valuation instructions come as standard.
New build experts available
A team of New Build experts are available via web chat who you can contact for help with any pre-application and policy queries, or anything else you need to chat through. Contact via web chat any time we’re open.
A dedicated team of New Build underwriters. Providing you with a slick service, so you’re clear on what we require, upfront.
Our New Build offers are valid for 6 months and can be reissued for a further 6 months.
Simply call the underwriter handling the original offer 30 days before it’s due to expire and they will tell you what we need.
Product finder
Please choose from the following options
So we can direct you to the right part of our website, please select from the login options below:
NEW BUSINESS - ACCORD MSO
To create an illustration, submit a DIP, upload documents or to track an application for new customers:
ONLINE PRODUCT TRANSFERS
Switch existing Accord clients to a new deal - create an illustration, then apply and accept a product transfer online: