Accord Update

Great news. From today, we’ve made two criteria changes to help you support more clients:   

• We’ve removed the minimum income requirement for first-time buyers on higher loan-to-income lending above 4.49x, up to 5.5x income. 
• We’ve also updated our Joint Borrower Sole Proprietor criteria: 
  • Up to 95% LTV now available on new build houses​  
  • Non-owner borrowers are now able to have their full loan term extended into retirement 

These positive changes make it even easier to help more first-time buyers take that all-important first step onto the property ladder. And our enhanced Joint Borrower Sole Proprietor criteria gives you and your clients even more opportunities, making it simpler to place JBSP mortgage applications.  

You don’t need to do anything differently – simply submit your DIP and MSO will do the rest.  

What’s changed?

First Time Buyer Minimum Income 

We’ve removed the minimum income requirement for first-time buyers on higher loan-to-income lending above 4.49x, up to 5.5x income. 

• Maximum 95% LTV
• Available for new build properties including flats
• Includes Boost LTI 
• Not applicable to pipeline cases 
• Excludes: JBSP lending and £5k Deposit Mortgage
• At least one applicant must be a first-time buyer (defined as never having owned a property in the past) and have no background properties  
• All other existing lending & affordability criteria must be met  

To find out more view our criteria here 

Joint Borrower Sole Proprietor  

Up to 95% LTV now available on new build houses. And non-owner borrowers are now able to have their full loan term extend into retirement. 

• Available for house purchase only  
• Maximum 95% LTV and 90% LTV new build flats​ 
• Excludes Interest Only, Concessionary Purchase, Cascade Score, Boost LTI​  
• All other lending criteria must be met​  

To find out more view our criteria here