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’ve relaunched our Residential New Business product range
Applies to: Residential New Business only
Following the temporary withdrawal of our Residential New Business product range last week due to unprecedented market conditions, we’ve reviewed our products and have relaunched a Residential New Business product range today.
To ensure we continue to lend responsibly and can maintain our high levels of service we have launched a limited range of products up to 85% LTV initially.
Product Details
- 75% LTV 2 year products starting at 6.05%, with fee-free, £995 and £1,495 fee options available.
- 75% LTV 5 year products starting at 5.95%, with fee-free and £995 fee options available.
- 85% LTV 2 year products starting at 6.25%, with fee-free, £995 and £1,495 fee options available.
- 85% LTV 5 year products starting at 6.05%, with fee-free and £995 fee options available.
- Boost LTI products available up to 85% LTV with a £1495 fee.
- Portability top-up products available up to 85% LTV with a minimum loan size of £3k
When is this change?
- The Residential New Business product range is available with immediate effect.
What else do I need to know?
- We have undertaken a review of our affordability model, and updated factors related to cost of living expenditure due to market conditions, to make sure we continue to lend responsibly.
- We will honour all valid residential DIPs (within the 30 day validity period) not yet progressed to full application, including those over 85% LTV, Help to Buy and Offset, on products from the previous withdrawn product range.
- In order to progress a valid DIP accepted prior to 30/9/22, please email us at underwritingservice@
accordmortgages.com with the DIP reference number and product code. Our underwriters will make the relevant checks and attach the product manually within 2 working days of the request. The broker will then be able to progress to full application using our MSO portal as normal. Should your DIP be due to expire within the next 2 working days, please call us on 0345 166 9208. - Please only submit new DIP requests for products available in the current range.
- We are currently working on a BTL New business range and will be in touch as soon as we are ready to launch
Buy to Let New Business only
Following the temporary withdrawal of their Buy to Let New Business product range recently due to volatile market conditions, Accord have reviewed their products and have relaunched a Buy to Let New Business product range today.
To ensure Accord continue to lend responsibly and can maintain their high levels of service they have launched a limited range of products up to 75% LTV initially.
Product Details
- 2-year 65% LTV products starting at 6.09%
- 5-year 65% LTV products starting at 5.84%
- 2-year 75% LTV products starting at 6.12%
- 5-year 75% LTV products starting at 5.94%
- All products come with a free valuation
- There are a range of cashback / remortgage legal service options
When is this change?
- The Buy to Let New Business product range is available with immediate effect.
What else do I need to know?
- Existing Buy to Let DIPs must be progressed on the new product range where maximum lending will be confirmed once a product is selected at full application stage as usual
- The website rental calculator here can be used to check maximum lending based on a specific product prior to progressing a DIP