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.
Accord are increasing rates on most of their Buy To Let Product Transfer range
Applies to: Accord Buy to Let Product Transfers
Accord are increasing rates on most of their Buy To Let Product Transfer range at 6pm on Tuesday 29th March.
What’s changing?
- Rates are increasing between 0.20% – 0.30% on all LTVs except the 80% LTV products
What’s staying the same?
- The rates for 80% LTV will remain the same
- End dates are not being updated
When is this change?
The products will be withdrawn Tuesday 29th March at 6pm and the new rates will be available from Wednesday 30th at 8am.
Accord’s current Residential New Business range is being withdrawn and replaced
Applies to: Residential New Business
The current range of Accord Residential New Business products will be withdrawn at 8pm on Tuesday 29th March and replaced at 9am on Wednesday 30th March with end dates extended to 31st August.
What’s changing?
- The full product range is being withdrawn and replaced, with some rate changes
- 85% LTV 5-year Remortgage products are being reduced by 0.10%
- 95% LTV 2-year House Purchase and Portability Top-Up rates are being increased by 0.05%
- 2-year Help to Buy rates are being increased by 0.05%
- End dates are being extended to 31st August
When is this change?
The current range will be withdrawn at 8pm on Tuesday 29th March and replaced at 9am on Wednesday 30th March.
Accord are making changes to their Buy to Let New Business Range
Applies to: Buy to Let New Business
Accord are making some changes to their Buy to Let range. Rates will be withdrawn on Thursday 31st March at 8pm and replaced on Friday 1st April at 9am. They are also launching a selection of new rates on Friday 1st April at 9am.
What’s changing?
The following rates are increasing
- 5 Year 65% LTV Fixed Rate with £995 fee – increased by 0.10%, now 2.55%
- 5 Year 65% LTV ‘ERC Free’ Fixed Rate with £250 cashback – increased by 0.09%, now 3.05%
- 5 Year 65% LTV ‘ERC Free’ Fixed Rate with re-mortgage legal service – increased by 0.09%, now 3.05%
The following new rates are launching:
- 5 Year 60% LTV Fixed Rate for Re-mortgage & House Purchase. This is priced at 2.45% with a £995 fee and comes with a Free Valuation.
- 5 Year 60% LTV ‘ERC Free’ Fixed Rate for Re-mortgage & House Purchase. This is priced at 2.96% with a £1995 fee and comes with Free Valuation and £250 Cashback.
- 5 Year 60% LTV ‘ERC Free’ Fixed Rate for Re-mortgage. This is priced at 2.96% with a £1995 fee and comes with Free Valuation and our Re-mortgage Legal Service
What’s staying the same?
- All other Buy to Let rates remain unchanged
When is this change?
- Rates are being withdrawn on Thursday 31st March at 8pm and new rates are being launched on Friday 1st April at 9am.