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 rates in our BTL New Business range
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Thursday 18 September, we’re increasing rates in our Buy to Let New Business product range. The current range will be withdrawn at 10pm Wednesday 17 September and the new range will be available at 8am Thursday 18 September.
What’s changing?
• 60% LTV tracker rates are increasing by up to 0.09%
• 75% LTV tracker rates are increasing by up to 0.10%
• 80% LTV tracker rates are increasing by up to 1.50%
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. If you are yet to submit a DIP, please do so as soon as possible as any referrals will only be looked at during normal office hours.
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.