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 in our Residential and BTL New Business product ranges
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 Friday 31 October, we’re making changes to our Residential and Buy to Let New Business product ranges. The current ranges will be withdrawn at 10pm Thursday 30 October and the new ranges will be available at 8am Friday 31 October.
What’s changing?
Residential New Business
- 75% and 80% LTV products will be reduced by up to 0.23%
- 85% and 90% LTV products will be reduced by up to 0.20%
- 95% LTV products will be reduced by up to 0.13%
- £5K Deposit Mortgage product will be reduced by 0.12%.
There are no changes to tracker rates.
Click here to view our Residential New Business products
Buy to Let New Business
- 60% LTV products will be reduced by up to 0.15%
- 65% LTV products will be reduced by up to 0.20%
- 75% LTV products will be reduced by up to 0.22%
- 80% LTV products will be reduced by up to 0.20%.
Click here to view our Buy to Let New Business products
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.