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.
Change to Accord Discount Standard Variable Rate products
Accord is withdrawing and replacing their Buy to Let and Residential discounted variable rate products.
What’s changing ?
Existing Buy to let and Residential discounted variable rate products are being withdrawn. New BTL and Residential discounted standard variable rate products will be launched and increased by 0.50%
What’s staying the same ?
Fixed rate products remain the same
When are we making this change ?
Existing BTL and Residential discounted variable rate products will be withdrawn at 8pm on Friday 4 November
BTL Replacement products will be launched at 8am on Monday 7 November
Residential replacement products will be launched at 8am on Wednesday 9 November
Accord are withdrawing their Discounted SVR Product Transfer range
Accord are withdrawing their Discounted SVR Residential Product Transfer range at 8pm on Monday 7th November and will advise when their new range is being relaunched.
When is this change?
Products will be withdrawn at 8pm Monday 7th November.
Accord are reducing selected rates on their Residential New Business range
Accord are withdrawing their current Residential New Business Product range at 8pm on Tuesday 8th November and relaunching a new range at 9am on Wednesday 9th November.
What’s changing?
- Selected 75% LTV product rates are reducing by between 0.10% to 0.20%
- Selected 85% LTV product rates are reducing by between 0.10% to 0.20%
- Selected 90% LTV product rates are reducing by between 0.10% to 0.18%
- Selected 95% LTV product rates are reducing by between 0.05% to 0.16%
What else is changing?
- Accord are introducing
- Portability top-up products at 90% and 95% LTV
- A range of 2 year 60% LTV products, starting at 5.70%, with a £995 fee
- SVR discount products will be relaunched with discounts ranging from between 1.18% to 1.50% below SVR.
When is this change?
Products will be withdrawn at 8pm on Tuesday 8th November and relaunched at 9am on Wednesday 9th November.
Accord are relaunching their Discounted SVR Product Transfer range
Accord are relaunching their Discounted SVR Residential Product Transfer range at 8am on Tuesday 9th November.
What’s changing?
All rates will increase by 0.50%.
When is this change?
Products will be relaunched at 8am on Tuesday 9th November.
Accord’s Cascade Score product range – now available for remortgages!
As a common-sense lender, finding ways to help you help more of your clients is a priority for Accord, so they’re delighted to now offer Cascade Score products for remortgages as well as purchases up to 90% LTV.
From today the Cascade Score range, which has already proved popular for your home buyer clients, is available for remortgage clients too.
How does it work?
- Submit your decision in principle as usual and MSO will confirm which product range your client is eligible for
When will the range be available?
The new product range is available immediately.
Accord are reducing rates on all BTL fixed rate products and reintroducing ERC free 5-year fixed rate products
Accord is reducing rates across all BTL fixed rate products. In addition, ERC free 5-year fixed rate products are being reintroduced to their range. Existing products will be withdrawn at 8pm on 9 November and relaunched at 8am on 10 November.
What’s changing?
All fixed rates are being reduced:
- 60% 2-year Fixed Rates are being reduced by between 0.42% and 0.55%
- 60% 3-year Fixed Rates are being reduced by 0.28%
- 60% 5-year Fixed rates are being reduced by between 0.10% and 0.19%
- 65% 2-year Fixed Rates are being reduced by between 0.56% and 0.58%
- 65% 3-year Fixed Rates are being reduced by 0.36%
- 65% 5-year Fixed Rates are being reduced by between 0.21% and 0.24%
- 75% 2-year Fixed Rates are being reduced by between 0.42% and 0.56%
- 75% 3-year Fixed Rates are being reduced by 0.38%
- 75% 5-year Fixed Rates are being reduced by between 0.27% and 0.31%
In addition:
- ERC Free 5 Year fixed rates are being re-introduced. All products have a £2495 fee and incentives, and rates are as follows:
- 60% LTV – 6.26%
- 65% LTV – 6.35%
- 75% LTV – 6.36%
When is this change?
Existing products will be withdrawn at 8pm on 9 November and relaunched at 8am on 10 November.