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 selected rates across their Residential Product Transfer & Additional Loans range and extending end dates plus…
On Tuesday 1 July Accord are making changes to their Residential Product Transfer & Additional Loans and BTL Product Transfer product ranges. The current ranges will be withdrawn at 8pm on Monday, 30 June and the new ranges will be available at 8am on Tuesday 1 July.
What’s changing?
Residential Product Transfer & Additional Loans
- 2 year fixed rates reduced by up to 0.17%
- 3 year fixed rates reduced by 0.13%
- 5 year fixed rates reduced by up to 0.15%
- End dates are being extended to 31 October.
Buy to Let Product Transfers
- End dates are being extended to 31 October.
What else do you need to know?
Residential Product Transfers only – Mortgage Charter
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 are extending end dates in their Residential New Business product range
Accord appreciates the market is volatile at present, and whilst not always possible, Accord will endeavour to give brokers at least 24 hours’ notice of any upcoming changes.
On Thursday 3 July, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Wednesday 2 July and the new range will be available at 8am Thursday 3 July.
What’s changing?
End dates will be extended to 31 October.
What else do brokers need to know?
Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product. If a broker is yet to submit a DIP, they should do so as soon as possible as any referrals will only be looked at during normal office hours.
Speeding things up
Accord knows it’s very busy at the moment – to allow brokers to find the information they need in a hurry (including Accord’s criteria), their website and chat bot are available to help them get answers quickly and easily.
Brokers also have access to MSO for real time updates on existing cases, freeing up their time to help clients.