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 on Product Transfers and Additional Loans, Increasing SVR, and Discounts will replace Base Rate Trackers
Accord are reducing rates on Residential Product Transfer and Additional Loan fixed rate products.
Existing products are being withdrawn at 8pm on Thursday 2nd February and new products will be available from 8am on Friday 3rd February.
Bank of England Base Rate Trackers will be withdrawn on Thursday 2nd February and will be replaced by Standard Variable Rate discounts on Tuesday 7th February.
The Standard Variable Rate is increasing on Sunday 5th February.
What’s changing?
- Product Transfer and Additional Loan fixed rate products are reducing by between 0.10% and 0.35%
- Discounts replacing Bank of England Base Trackers will have a short delay due to an increase in SVR rate
- Standard Variable Rate is increasing by 0.50% to 6.99%
What’s staying the same?
- No change to end dates
When is this change?
- Existing fixed rate products will be withdrawn at 8pm on Thursday 2nd February
- New products will be available from 8am on Friday 3rd February
- Bank of England Base Rate Trackers will be withdrawn on Thursday 2nd February
- The Standard Variable Rate will increase on Sunday 5th February
- Discounts will be available on on Tuesday 7th February.