Accord are helping more of your clients by removing the limit applied to secured debt consolidation and they’re back lending up to 80% LTV to first-time landlords
From Wednesday 9th June Accord are improving their affordability for residential and buy to let clients by removing the cap on the amount of secured debt a customer can consolidate when remortgaging.
There’s no change to how they’ll treat unsecured debts. They’ll still be subject to the lenders £50,000 debt consolidation limit (top slicing not available). The max LTV for residential applications will be 80% and 75% for buy to let applications, and both secured and unsecured debt will be subject to Accords maximum 10 debt rule.
And, to help first-time landlords with a smaller deposits Accord are back lending up to 80% LTV. All current restrictions (such as max loan size of £500k for BTL mortgages over 75% LTV and new build and debt consolidation LTV restrictions) will still apply.
We’re enhancing our residential 85-95% LTV range
Applies to: Accord Residential products
We’re improving rates on our 85-95% LTV residential range this week.
What’s being reduced?
Selected rates at:
- 85% and 90% LTV reduced by up to 0.08%
- 95% LTV reduced by up to 0.10%
Cashback increased on selected 5% deposit mortgages, by up to £750.
The affected product codes are:
- 53866, 53811, 53801
- 53818, 53817, 53856
- 53857, 53852, 53819
- 53864, 53850, 53855
All other products excluding the 12 listed above remain unchanged.
Products will be withdrawn today at 8pm and relaunched from 9am tomorrow, Thursday 10 June.