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.
Accord are reducing rates in their Buy to Let New Business product range
On Tuesday 16 July, Accord are making changes to their Buy to Let New Business product range. The current range will be withdrawn at 10pm Monday 15 July and the new range will be available at 8am Tuesday 16 July.
What’s changing?
2 Year fixed rates reducing by 0.10% to 0.15% (except 80% LTV products)
3 Year fixed rates reducing by 0.25% (except 80% LTV products)
5 Year fixed rates reducing by 0.20% to 0.25% (except 80% LTV products)
2 Year tracker rates reducing by 0.10% to 0.15% (except 80% LTV products)
What else is changing?
There are no other changes.
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 a broker is 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.
When is this change?
The current range will be withdrawn at 10pm Monday 15 July and the new range will be available at 8am Tuesday 16 July.
On Friday 19 July, Accord are reducing rates in their Residential New Business product range
Accord appreciates the market is volatile at present, and whilst not always possible, Accord will endeavour to give brokers at least 24 hours’ notice of any upcoming changes.
On Friday 19 July, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Thursday 18 July and the new range will be available at 8am on Friday 19 July.
What’s changing?
- 75% LTV fixed rates reduced by up to 0.20%
- 80% LTV fixed rates reduced by up to 0.20%
- 85% LTV fixed rates reduced by up to 0.20%
- 90% LTV fixed rates reduced by up to 0.14%
There are no changes to 95% LTV, £5k Deposit Mortgage or tracker rates.
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 a broker is 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.
When is this change?
The current range will be withdrawn at 10pm on Thursday 18 July and the new range will be available at 8am on Friday 19 July.
Speeding things up
Accord knows it’s very busy at the moment – to allow brokers to find the information they need in a hurry (including Accord’s criteria), their newly re-designed website and chat bot is available to help them get answers quickly and easily.