Brilliant Solutions

Accord Update

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 making changes to their residential product transfer & additional loans ranges

Accord are making the following changes to their residential product transfer and additional loan ranges at 8am Wednesday 29th September.

Rates going down

  • They are reducing rates on 59 products across the full range by up to 0.35%

Rates going up

  • They are increasing rates on two 5 year 80% LTV products by up to 0.10%

Deals not changing

  • 13 products in the range will remain the same

The current range of products will be withdrawn at 8pm today (Tuesday 28th September) and the new product range will available from 8am Wednesday 29th September.

Accord are increasing their maximum loan size at 90% LTV, re-entering lending up to 90% LTV in Northern Ireland and launching new products, including a range of discounted SVR products

Applies to Accord Residential only

From 8am Thursday 30th September Accord are:

  • Increasing their 90% LTV maximum loan size from £600k to £750K (including New Build houses and lending in Northern Ireland). This will help your clients with higher incomes who have larger loan requirements at this LTV and will also move us to the top of the mainstream market in terms of maximum loan at this LTV.
  • Re-entering 90% LTV lending in Northern Ireland.

To support maximum loan changes, a specific range of 90% LTV products will be available up to £750k, with rates starting from 2.32%.

In addition to the above product changes:

  • Selected rates at 90% and 95% LTV will be reduced by up to 0.19%
  • A range of discount SVR products will be launched across all LTVs, from 65% to 95%, with rates starting at 1.19%
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