Accord Mortgages have released an update on their product range, the details are set out below. Accord products are available through our direct to lender mortgage club so contact us for more information on how our club can support your business.
WE’RE INCREASING A NUMBER OF RATES ON OUR RESIDENTIAL NEW BUSINESS PRODUCT RANGE
We appreciate the market is volatile at present, and whilst not always possible, will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On 29 June, a number of our fixed rates products will be increasing. The current range will be withdrawn at 10pm Wednesday 28 June and the new range will be available at 8am Thursday 29 June.
What’s changing?
- Selected fixed rate products at 60% LTV will be increased by between 0.08% to 0.40%
- Selected fixed rate products at 75% LTV will be increased by between 0.08% to 0.40%
- Selected fixed rate products at 80% LTV will be increased by between 0.08% to 0.40%
- Selected fixed rate products at 85% LTV will be increased by between 0.08% to 0.45%
- Selected fixed rate products at 90% LTV will be increased by between 0.22% to 0.45%
- Selected fixed rate products at 95% LTV will be increased by between 0.22% to 0.56%
What else is changing?
- A range of five-year offset products with a £1,495 fee will be added to the range, with rates starting at 5.75%
- Tracker products remain unchanged
What else do you need to know?
Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product.
When is this change?
The current range will be withdrawn at 10pm Wednesday 28 June and the new range will be available at 8am Thursday 29 June.
Speeding things up for you
We know it’s very busy at the moment – to find the information you need in a hurry (including our criteria) our newly re-designed website and chat bot are here to help you get answers quickly and easily.
You also have access to MSO for real time updates on existing cases, freeing up time for you to help your clients.
We’re increasing our Buy to Let New Business rates
We appreciate the market is volatile at present, and whilst not always possible, will endeavour to give you at least 24 hours’ notice of any upcoming changes.
We’re increasing our Buy to Let New Business rates by up to 0.32%. The current range will be withdrawn at 10pm Thursday 29 June and the new range will be available at 8am Friday 30 June.
What’s changing
- 2 Year Fixed rates will be increased by 0.32%
- 3 Year Fixed rates will be increased by 0.21%
- 5 Year Fixed rates will be increased by 0.09%
What else do you need to know?
For Buy to Let applications, the product selected will impact the maximum loan we can offer. As a product cannot be selected at DIP stage, it is important that you use our rental calculator which can be found here as this allows you to input the details of the product required and provide you with a more accurate maximum lending amount. The actual maximum lending available will be determined at the point you submit a Full Mortgage Application.
When is this change?
The current range will be withdrawn at 10pm Thursday 29 June and the new range will be available at 8am Friday 30 June.
Speeding things up for you
We know it’s very busy at the moment – to find the information you need in a hurry (including our criteria) our newly re-designed website and chat bot are here to help you get answers quickly and easily.
You also have access to MSO for real time updates on existing cases, freeing up time for you to help your clients.