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’re making changes to our Buy to Let New Business product range
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Thursday 16 October, we’re making changes to our Buy to Let New Business product range. The current range will be withdrawn at 10pm Wednesday15 October and the new range will be available at 8am Thursday 16 October.
What’s changing?
- 2 & 3-year rates at 80% LTV are reducing by 0.03%
- 5-year rates at 80% LTV are reducing by 0.10%
- 2 & 3-year rates at 60%, 65% and 75% LTV are increasing by 0.02%
- 5-year rates at 60%, 65% and 75% LTV are increasing by 0.03%
There are no changes to tracker rates or end dates.
What else do you 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 you are yet to submit a DIP, please 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 you use our rental calculator which can be found here as this allows you to input the details of the product required and provide you with a more accurate maximum lending amount. The actual maximum lending available will be determined at the point you submit a Full Mortgage Application.