Accord Update

Accord Buy to Let New Business Fixed Rates are increasing

Accord are increasing rates on their Buy to Let New Business Fixed Rate products. Existing products will be withdrawn on Monday 5^th September at 8pm and new products will be available on Tuesday 6^th September at 9am.

What’s changing?

• All Fixed Rate products are increasing by 0.40%
• This change applies to the Buy to Let New Business Range

What’s staying the same?

• There are no changes to discounted SVR rates

When is this change?

• Existing product will be withdrawn at 8pm on Monday 5^th September
• New products will be available from 9am on Tuesday 6^th September

Accord are making changes to their Residential New Business and Product Transfer products and SVR.

The SVR is increasing to 5.39% on 11^th September.

Product changes will take place on Sunday 11^th September at 8pm when existing products will be withdrawn;   new products will be available from Monday 12^th September at 9am.

What’s changing?

• The Accord SVR is changing to 5.39% on the 11^th September

• PRODUCT TRANSFER CHANGES
  • All rates are increasing
  • Fixed rates up to 95% LTV are increasing by 0.25%
  • Fixed rates above 95% LTV are increasing by 0.15%
  • Discount charge rates are increasing by 0.35%

• NEW BUSINESS CHANGES
  • The reversionary rate on all 2 & 3 year new lending products (including additional loans) is increasing to 1.19%
  • 75% LTV fixed rate products increasing by between 0.22% and 0.29%
  • 85% LTV fixed rate products increasing by between 0.22% and 0.30%
  • 90% LTV fixed rate products increasing by between 0.22% and 0.27%
  • 95% LTV fixed rate products increasing by between 0.22% and 0.25%
  • Help to buy products increasing by between 0.22% and 0.25%

When is this change?

• Existing products are being withdrawn at 8pm on Sunday 11^th September
• New products will be available at 9am on Monday 12^th September