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.
Our Buy to Let Product Transfer end dates are being extended
We’re extending our Buy to Let Product Transfer end dates on 31 May.
What’s changing?
- Product end dates are being extended to 31 October
- All rates, fees and incentives remain unchanged
When is this change?
The current range will be withdrawn on Tuesday 30 May at 8pm and replaced at 8am Wednesday 31 May.
We’re increasing rates across our Residential New Business and Product Transfer ranges
We’re increasing rates across our Residential New Business and Product Transfer ranges. The current New Business range will be withdrawn at 8pm 30 May, with the new range available at 8am 31 May. The current Product Transfer range will be withdrawn at 8pm 31 May and the new range will be available at 8am 1 June.
What’s changing?
New Business
- Selected fixed rate products at 60% LTV will be increased by between 0.70% to 0.77%
- Selected fixed rate products at 75% LTV will be increased by between 0.70% to 0.77%
- Selected fixed rate products at 80% LTV will be increased by between 0.67% to 0.77%
- Selected fixed rate products at 85% LTV will be increased by between 0.67% to 0.77%
- Selected fixed rate products at 90% LTV will be increased by between 0.60% to 0.72%
- Selected fixed rate products at 95% LTV will be increased by between 0.52% to 0.72%
- A small number of products will be withdrawn and not replaced
Product Transfers and Additional Loans
- All fixed rates are increasing by up to 0.40%
- Product Transfer end dates will be extended to 31 October
- Tracker rates remain unchanged
What else do you need to know?
A full mortgage application must be submitted by the time of withdrawal to secure a new lending product.
When is this change?
- The current New Business range will be withdrawn at 8pm 30 May and the new range will be available at 8am 31 May
- The current Product Transfer range will be withdrawn at 8pm 31 May and the new range will be available at 8am 1 June
WE’RE INCREASING BUY TO LET FIXED RATES AND REDUCING TRACKER RATES
We’re increasing Fixed rates, and reducing Tracker rates on our BTL New Business range.
The current product range will be withdrawn at 8pm on Wednesday 31 May, and new range available at 8am on Thursday 1 June.
What’s changing?
Fixed rate increases:
- 60% LTV 2 Year rates increased by between 0.32% and 0.60%
- 65% LTV 2 Year rates increased by between 0.32% and 0.58%
- 75% LTV 2 Year rates increased by between 0.42% and 0.61%
- 80% LTV 2 Year rates increased by 0.52%
- 75% LTV 3 Year rates increased by between 0.52% and 0.53%
- 60% LTV 5 Year rates increased by between 0.51% and 0.63%
- 65% LTV 5 Year rates increased by between 0.49% and 0.60%
- 75% LTV 5 Year rates increased by between 0.51% and 0.58%
- 80% LTV 5 Year rates increased by 0.45%.
Tracker rate reductions:
- 60% LTV trackers reduced by between 0.24% and 0.26%
- 65% LTV trackers reduced by between 0.13% and 0.15%
- 75% LTV trackers reduced by between 0.12% and 0.15%
- 80% LTV trackers reduced by between 0.22% and 0.25%.
What else do you need to know?
- A full mortgage application must be submitted by the time of withdrawal to secure a new lending product.
When is this change?
- The current product range will be withdrawn at 8pm on Wednesday 31 May, and new range available at 8am on Thursday 1 June.