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 EXTENDING THE AVAILABILITY OF OUR 90% LTV PRODUCTS
We’ve good news for home movers and first-time buyers; we’re extending the availability of our 90% LTV products
The products will now remain on sale until 8pm on Tuesday 10 November.
Here’s a quick recap of the two 90% LTV deals:
- 5 year Fixed, house purchase only (FTB and home mover), 3.79%, £995 fee. Free Val. Available on loans up to £500k (52538)
- 5 year Fixed, house purchase only (FTB and home mover), 3.89%, £995 fee. Free Val. Available on loans up to £600k (52539)
Since launching on Monday morning, we’ve seen the positive impact our increased capacity has had on service levels.
The recent changes we made to LTI caps, as well as having a boosted underwriting team means we are ahead of where we planned to be and so have made the decision to extend the offering for longer.
WE’RE RELAUNCHING OUR 90% LTV PRODUCTS FOR FIRST-TIME BUYERS AND HOME MOVERS, FOR A LIMITED PERIOD
From 9am on Monday 2 November for three days, we’re delighted to be able to launch 90% LTV product deals for home movers and first time buyers.
During the last few weeks, we’ve improved our capacity by increasing the options to self-serve and added additional resource to our underwriting team. As a result, we are now in a position to return to the market and offer this wider proposition for an extended period.
The products will be available for three days next week, allowing us to support you and your clients with much needed products whilst ensuring we can continue to deliver a high standard of service.
The two 5-year fixed rate products for home-purchase available from 9am Monday 2 November to 8pm on Wednesday 4 November:
- 5 year Fixed, house purchase only (FTB and home mover), 3.79%, £995 fee. Free Val. Available on loans up to £500k (52538)
- 5 year Fixed, house purchase only (FTB and home mover), 3.89%, £995 fee. Free Val. Available on loans up to £600k (52539)
*FAQs
Is 90% LTV available on new build properties?
No. Lending on new build properties (houses and flats) is available up to a maximum of 85% LTV.
Is 90% LTV available in Northern Ireland?
No. Lending in Northern Ireland is now available on our full range of residential mortgage products (purchase, remortgage and including New Build) up to 85% LTV. Please note all applications for NI properties will require a physical valuation.
Are the 90% LTV products limited to house purchases?
No, these products are available to purchase both houses and flats that meet our standard lending criteria.
What’s the term length of these products?
The term for the new 90% products remains as standard, up to 40 years.