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 fixed rates on their Residential Product Transfer and Additional Loans product range
On Wednesday 1 October, Accord are making changes to their Residential Product Transfer and Additional Loans product range. The current range will be withdrawn at 8pm on Tuesday 1 October and the new range will be available at 8am on Wednesday 2 October.
What’s changing?
- Fixed rates are reducing by 0.10-0.55%
No change to BBR trackers or end dates
What else do you need to know?
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.
Accord are extending end dates in their Residential New Business product range and…
On Friday 4 October, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Thursday 3 October and the new range will be available at 8am on Friday 4 October.
What’s changing?
- End dates extended to 31 January
- Introducing 2 year Offset remortgage products at 85% for £1m – £2m loan sizes
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.
When is this change?
The current range will be withdrawn at 10pm Thursday 3 October and the new range will be available at 8am Friday 4 October.