Accord are reducing selected Residential and BTL New Business rates
On Thursday 13 August, Accord are making changes to their Residential and BTL New Business product ranges. The current ranges will be withdrawn at 10pm Wednesday 12 August and the new ranges will be available at 8am Thursday 13 August.
What’s changing?
Residential New Business rate reductions:
- 0.10% reduction on all fixed products up to 75% LTV
- 0.11% reduction on fixed house purchase products at 80% LTV or higher
- 0.05% reduction on fixed remortgage products at 80% LTV or higher
BTL New Business rate reductions:
- Up to 0.18% reduction on 2 & 5 year remortgage products up to 75% LTV
- End dates extended to 30 November
What else?
- No changes to Residential or BTL tracker rates
- No changes to BTL house purchase products, or BTL remortgage products at 80% LTV
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 brokers are 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.
For Buy to Let applications, the product selected will impact the maximum loan we can offer. As a product cannot be selected at DIP stage, it is important that brokers use our rental calculator, which can be found here, as this allows them to input the details of the product required and provide a more accurate maximum lending amount. The actual maximum lending available will be determined at the point a Full Mortgage Application is submitted.