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 are reducing rates across their Residential product transfer range
Applies to: Residential Product Transfers
Accord has good news for brokers with existing clients whose current product is due to end. From 8am Wednesday 30th November Accord are reducing rates across their Residential product transfer range. The current range of products will be withdrawn at 8pm Tuesday 29th November and the revised range will be launched at 8am Wednesday 30th November.
What’s changing?
- Their 2 year fixed rates up to 85% LTV are being reduced by 0.25%
- All other fixed rates are being reduced by 0.20%
What’s staying the same?
- Discount rates and end dates are staying the same
We’re making changes to our Residential New Business range at 8am Wednesday 30th November
Applies to: Accord Residential New Business
We’re making the following changes to our Residential New Business range at 8am Wednesday 30th November. The current range of products will be withdrawn at 8pm 29th November and the new range will be available at 8am 30th November.
What’s changing?
- We’re expanding our 60% LTV range, including a new 5 year remortgage product at 4.91%, with a £495 fee
- Selected 60% LTV product rates reducing by up to 0.40%
- Selected 75% LTV product rates reducing by up to 0.45%
- Selected 85% LTV product rates reducing by up to 0.45%
- Selected 90% LTV product rates reducing by up to 0.33%
- Selected 95% LTV product rates reducing by up to 0.34%
- SVR discount product rates reduce by up to 0.10%
- End dates are to be extended to the 30th April
What else do you need to know?
Help to Buy products withdrawn soon. As you may be aware, the current Help to Buy (HTB) Equity loan scheme for England closed for new applications on 31st Oct 2022.
Providing a client has successfully applied to the scheme and has approval to proceed (ATP), brokers will be able to continue to submit applications to us until 8pm on 30th November, after which time all Help to Buy products will be withdrawn (for both England and Wales) to ensure pipeline applications can meet the scheme end date.
Accord are withdrawing their Residential and BTL New Business, and Residential PT, Discounted Variable rates
Applies to: Accord Residential New Business, Residential Product Transfers and Buy to Let New Business
Dear All,
Accord are withdrawing their discounted variable rates at 8pm on Friday 9th December across their Residential New Business, Residential Product Transfer and Buy to Let new business ranges.
What’s changing?
All existing discounted variable rate products will be withdrawn.
What’s staying the same?
Fixed rate products are unchanged and remain on sale.
When is this change?
The current range will be withdrawn at 8pm on 9th December.