Changes to Accord Residential Product Transfer & Additional Loans ranges
Applies to: Residential Product Transfer & Additional Loans only
Accord are making the following changes to their residential product transfer and additional loan ranges at 8am on Monday 1 November
Rates going down
- Accord are reducing 24 products at 80%, 85%, 90% and 95% LTVs by up to 0.20%.
Rates going up
- Accord are increasing the rates of three 65% LTV , 5 year products by 0.02%
Deals not changing
- 47 products remain the same.
Accord’s new tool strengthens their new build proposition and the support they give to brokers and their clients
Accord Mortgages has introduced a new site exposure tool to improve its risk evaluations of new housing developments and support more new build borrowers.
Working with Sesame Bankhall Valuation Services (SBVS), Accord will now assess new build sites against a scorecard, which considers a number of builder and site characteristics to inform risk profiles for individual sites. As a result, exposure limits could be increased where developments score favourably, giving greater choice to brokers and their new build clients.
The behind-the-scenes tool will be reflected in Accord’s new build development checker on its website, which lets brokers check the lender’s exposure on a housing development before submitting an application.
The change applies to both residential and buy to let cases, after the lender introduced new build lending for landlord clients earlier this year as part of its move to a new Mortgage Sales and Originations (MSO) platform.