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 New Business, Product Transfer & Additional Loans ranges
On Wednesday 30 April, Accord are making changes to their Residential New Business, Product Transfer & Additional Loans product ranges. The current ranges will be withdrawn at 8pm Tuesday 29 April and the new ranges will be available at 8am Wednesday 30 April.
What’s changing?
Residential Product Transfer & Additional Loans
Fixed rate products are decreasing:
- 2 year rates reduced by up to 0.15%
- 3 year rates reduced by up to 0.20%
- 5 year rates reduced by up to 0.20%
End dates are extending to 31 August
Residential New Business & Additional Loans
- Changing the discount applied to the reversionary rate on all on-sale two and three year products to SVR minus 1.50%.
- No changes to new business pricing within the initial product period.
- No changes to new business five or ten year products.
What else do you need to know?
Residential Product Transfer & Additional Loans only
Accord are pleased to have signed up to the Mortgage Charter – click here to find out how it can help existing Accord customers. For more information about Accord’s product switching process, click here.
If brokers wish to amend a client’s already offered product to a like-for-like deal they can do so via Accord’s switching form; however, this must be submitted no later than 14 days before the current product end date.
Speeding things up
Accord knows it’s very busy at the moment – to find the information brokers need in a hurry (including criteria) Accord’s website is here to help them get answers quickly and easily.
Accord appreciate the market is volatile at present, and whilst not always possible, they will endeavour to give brokers at least 24 hours’ notice of any upcoming changes.
Accord are making changes to their Buy to Let Product Transfer range
On Friday 2 May, Accord are making changes to their Buy to Let Product Transfer range. The current range will be withdrawn at 8pm on Thursday 1 May and the new range will be available at 8am on Friday 2 May.
What’s changing?
- 2 year product rates reduced by up to 0.20%
- 3 year product rates reduced by up to 0.15%
- 5 year product rates reduced by up to 0.17%
What else is changing?
End dates are being extended until 31 August