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.
On Thursday, 4 December, we’re making changes to our Residential and Buy to Let New Business product ranges. The current ranges will be withdrawn at 10pm on Wednesday, 3 December and the new ranges will be available at 8am on Thursday, 4 December.
What’s changing?
Residential New Business
- 75%, 80% and 85% LTV rates reduced by up to 0.18%
- 90% LTV rates increased by up to 0.13%
- 95% LTV rates increased by up to 0.05%
- £5k Deposit Mortgage rate increased by 0.03%
- End dates extended to end of March.
Click here to view our Residential New Business products
Buy to Let New Business
- End dates extended to end of March.
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.