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 reducing rates across their Residential product transfer range
Applies to: Residential Product Transfers
Accord has good news for brokers with existing clients whose current product is due to end. From 8am Wednesday 30th November Accord are reducing rates across their Residential product transfer range. The current range of products will be withdrawn at 8pm Tuesday 29th November and the revised range will be launched at 8am Wednesday 30th November.
What’s changing?
- Their 2 year fixed rates up to 85% LTV are being reduced by 0.25%
- All other fixed rates are being reduced by 0.20%
What’s staying the same?
- Discount rates and end dates are staying the same
We’re making changes to our Residential New Business range at 8am Wednesday 30th November
Applies to: Accord Residential New Business
We’re making the following changes to our Residential New Business range at 8am Wednesday 30th November. The current range of products will be withdrawn at 8pm 29th November and the new range will be available at 8am 30th November.
What’s changing?
- We’re expanding our 60% LTV range, including a new 5 year remortgage product at 4.91%, with a £495 fee
- Selected 60% LTV product rates reducing by up to 0.40%
- Selected 75% LTV product rates reducing by up to 0.45%
- Selected 85% LTV product rates reducing by up to 0.45%
- Selected 90% LTV product rates reducing by up to 0.33%
- Selected 95% LTV product rates reducing by up to 0.34%
- SVR discount product rates reduce by up to 0.10%
- End dates are to be extended to the 30th April
What else do you need to know?
Help to Buy products withdrawn soon. As you may be aware, the current Help to Buy (HTB) Equity loan scheme for England closed for new applications on 31st Oct 2022.
Providing a client has successfully applied to the scheme and has approval to proceed (ATP), brokers will be able to continue to submit applications to us until 8pm on 30th November, after which time all Help to Buy products will be withdrawn (for both England and Wales) to ensure pipeline applications can meet the scheme end date.
Accord are reducing rates and expanding their Buy to Let New Business product range
Applies to: Accord Buy to Let New Business
Great news for Buy to Let Clients! Accord are reducing rates and expanding their Buy to Let New Business range at 8am on Friday 2nd December.
The current range of products will be withdrawn at 8pm 1st December and the new range will be available at 8am 2nd December.
What’s changing?
- Accord are expanding their product range to offer a greater choice of fee and incentive combinations.
- Cashback will be increased to £250 on remortgage products. Alternatively, options with Accord’s Remortgage Legal Service are available.
- Cashback will be increased to £500 on 2 & 5 year fixed rate House Purchase products (excluding ERC free variants).
- Selected 60% LTV product rates are reducing by up to 0.58%.
- Selected 65% LTV product rates are reducing by up to 0.59%.
- Selected 75% LTV product rates are reducing by up to 0.50%
- SVR Discount product rates reduced by up to 0.78%
- End dates are to be extended to 30th April.
When is this change?
- The current range of products will be withdrawn at 8pm 1st December
- The new range will be available at 8am 2nd December