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 delighted to let you know that we’re repeating our limited release 90% LTV products for first-time buyers*
Thanks to our underwriting team working incredibly hard to process the applications and the support we’ve received from brokers submitting well-packaged cases and using our online portal for updates, we’ve been able to manage our capacity and return to this currently underserved market in record time.
The products will be available for two days next week to help support you and your clients whilst ensuring we can continue to deliver a high standard of service.
We’re re-launching two 5-year fixed rate products for house-purchases only, which will be available from 9am Monday 21 September to 8pm on Tuesday 22 September:
- A 3.59% deal with a £495 product fee and free valuation. Available on loans up to £500,000. Product code: 52194
- A 3.69% deal with a £495 product fee and free valuation. Available on loans between £500,001 and £600,000. Product code: 52195
*FAQs
Is 90% LTV available on new build properties?
No. Lending on new build properties is available up to a maximum of 85% LTV
Is 90% LTV available in Northern Ireland?
No. Lending in Northern Ireland is now available on our full range of residential mortgage products (purchase, remortgage and including New Build) up to 85% LTV. Please note all applications for NI properties will require a physical valuation.
What is Accord’s criteria for the new 90% products?
These products are only available to first-time buyers – at least one applicant must be a first-time buyer. Our definition of a first-time buyer is someone who has never owned a property or held a mortgage before. Otherwise our lending criteria remains the same as for our other residential products.