With Bank of England warnings indicating that renters are more likely than any other group to have lost their jobs or been furloughed, the NRLA has warned that many more renters face the prospect of mounting rent debts.
Rates now start from 2.88% on the lenders’ 2-year fixed rate buy-to-let product range up to 65% LTV.
The smartER platform works by presenting a shortlist of equity release plans following completion of a short user questionnaire.
Rachel Springall, finance expert at Moneyfacts, said: “These new deals from Accord Mortgages may well be popular with borrowers looking for competitive fixed rate incentive package with a trusted brand.”
The announcement follows a successful £14m investment round last month, bringing total investment to £54m.
The DCPCU is funded by the banking and finance industry and is made up of officers from the City of London Police and Metropolitan Police Service and colleagues from UK Finance.
More than one in five (22%) are seeking greater financial freedom by unlocking equity from their home.
Driven by the restrictions placed on the industry throughout the pandemic, lenders have focused on system modernisation, process efficiency and digitisation.
Mark Hutchings, managing director of Berkeley Alexander, said: “I’m delighted to welcome Natasha to the team. She has a solid commercial insurance background and experience working with some leading brokers in the market.”
The platform is free and available to all mortgage advisers through a standalone interface.