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 end dates on our Residential Product Transfer & Additional Loans product ranges.
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Tuesday 31 December, we’re making changes to our Residential Product Transfer & Additional Loans product ranges. The current range will be withdrawn at 8pm on Monday 30 December and the new range will be available at 8am on Tuesday 31 December.
What’s changing?
End dates are being extended to 30 April
What else do you need to know?
We are pleased to have signed up to the Mortgage Charter – click here to find out how we can help existing Accord customers. For more information on our product switching process, click here.
If you wish to amend your client’s already offered product to a like-for-like deal you can do so via our switching form; however, this must be submitted no later than 14 days before the current product end date.
Residential Existing Customer Product Finder
Accord are making changes to selected rates and extending end dates in their Accord Residential New Business product range
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 Thursday 9 January, Accord are making changes to selected rates and extending end dates in their Accord Residential New Business product range. The current range will be withdrawn at 10pm on Wednesday 8 January and the new range will be available at 8am on Thursday 9 January.
What’s changing?
- Selected 75% LTV products reduced by 0.02% or increased by up to 0.17%
- Selected 80% LTV products reduced by up to 0.10% or increased by up to 0.17%
- Selected 85% LTV products reduced by up to 0.16% or increased by up to 0.06%
- Selected 90% LTV products reduced by up to 0.09% or increased by up to 0.08%
- Selected 95% LTV products reduced by up to 0.43% or increased by 0.12%.
No changes to Tracker rates.
What else is changing?
End dates will be extended to 30 April.
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 on Wednesday 8 January and the new range will be available at 8am on Thursday 9 January.
Speeding things up
Accord knows it’s very busy at the moment – to allow brokers to find the information they need in a hurry (including Accord’s criteria), their website and chat bot is available to help them get answers quickly and easily.
Brokers also have access to MSO for real time updates on existing cases, freeing up their time to help clients.