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.
We’re reducing selected BTL New Business product rates
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Tuesday 2 July, we’re making changes to our Buy to Let New Business product range. The current range will be withdrawn at 10pm Monday 1 July and the new range will be available at 8am Tuesday 2 July.
What’s changing?
2 Year fixed rates are reducing by 0.05% to 0.40% (except 80% LTV products)
3 Year fixed rates are reducing by 0.10% to 0.20% (except 80% LTV products)
2 Year tracker rates are reducing by 0.05% (except 80% LTV products).
What else is changing?
End date will be extended to the end of October.
What else do you 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 you are yet to submit a DIP, please do so as soon as possible as any referrals will only be looked at during normal office hours.
For Buy to Let applications, the product selected will impact the maximum loan we can offer. As a product cannot be selected at DIP stage, it is important that you use our rental calculator which can be found here as this allows you to input the details of the product required and provide you with a more accurate maximum lending amount. The actual maximum lending available will be determined at the point you submit a Full Mortgage Application.
Buy to Let New Business Product Finder
We’re reducing selected Residential New Business product rates
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 Wednesday 3 July, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Tuesday 2 July and the new range will be available at 8am Wednesday 3 July.
What’s changing?
- 75% LTV fixed rates reduced by up to 0.10%
- 80% LTV fixed rates reduced by up to 0.07%
- 85% LTV fixed rates reduced by up to 0.07%
- 90% LTV fixed rates reduced by up to 0.05%
What else is changing?
No changes to 95% LTV, £5k Deposit Mortgage or tracker rates.
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 Tuesday 2 July and the new range will be available at 8am Wednesday 3 July.