On Friday 16 October, Accord are making changes to their Residential product ranges
On Friday 16 October, Accord are making changes to their Residential New Business, Product Transfer and Additional Loans product ranges. The current ranges will be withdrawn at 10pm on Thursday 15 October and the new ranges will be available at 8am on Friday 16 October.
What’s changing?
Residential New Business
2 years & 3 years 65% & 75% LTV fixed rates reduced by up to 0.08%
5 years 65% LTV fixed rates increased by 0.04%
80% & 85% LTV fixed rates reduced by up to 0.14%
90% LTV fixed rates reduced by up to 0.11%
95% LTV fixed rates reduced by up to 0.26%
- 10 years fixed rate increased by 0.10%
Residential Product Transfers and Additional Loans
- Selected years fixed rates reduced by up to 0.05%
Faster DIP decisions for more clients
Getting a quick decision can make all the difference when clients are ready to move forward.
That’s why Accord have made enhancements to MSO that will allow more applications to get a DIP decision straight away, reducing referrals and helping brokers progress cases faster – with more certainty for clients.
What applications will now be accepted automatically?
Applications with up to one CCJ of £300 or less in the last 6 years
Applications with up to two defaults with a total value £250 or less in the last 6 years
What else has changed?
Applications with two or more secured missed payments within the last 24 months will now be automatically declined
What’s not changing?
All other criteria remains the same and all applications will be subject to standard credit scoring