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 Residential New Business only
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 Friday 7 June, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Thursday 6 June and the new range will be available at 8am Friday 7 June.
What’s changing?
End dates will be extended to 30th September
Reversion rate for 2 and 3-year products will be increased to 6.99%.
There are no changes to product 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The current range will be withdrawn at 10pm Thursday 6 June and the new range will be available at 8am Friday 7 June.
Speeding things up
Accord knows it’s very busy at the moment – to find the information they need in a hurry (including Accord’s criteria) their newly re-designed website and chat bot is available to help brokers get answers quickly and easily.
They also have access to MSO for real time updates on existing cases, freeing up time to help clients.