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 reducing rates across our Residential New Business product range
Applies to: Accord Residential New Business
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 2 October, we’re making changes to our Residential New Business product range. The current range will be withdrawn at 10pm on Wednesday 1 October and the new range will be available at 8am on Thursday 2 October.
What’s changing?
- 2 year fixed rates reduced by up to 0.10%
- 3 year fixed rates reduced by up to 0.14%
- 5 year fixed rates (inc. £5k deposit mortgage product) reduced by up to 0.10%
- 10 year fixed rates reduced by 0.16%
What else is changing?
- End dates extended to January
- Reversionary rate increasing to 5.99% for 2 year and 3 year rate products
- No change to tracker rates
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.