Accord Update

Accord appreciate the market is volatile at present, and whilst not always possible, they will endeavour to give brokers at least 24 hours’ notice of any upcoming changes.

On Thursday 18 September, Accord are increasing in rates their Buy to Let New Business product range. The current range will be withdrawn at 10pm Wednesday 17 September and the new range will be available at 8am Thursday 18 September. 

What’s changing?

60% LTV tracker rates are increasing by up to 0.09%

75% LTV tracker rates are increasing by up to 0.10%

 80% LTV tracker rates are increasing by up to 1.50%

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 brokers are 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.

For Buy to Let applications, the product selected will impact the maximum loan Accord can offer. As a product cannot be selected at DIP stage, it is important that brokers use Accord’s rental calculator, which can be found here, as this allows them to input the details of the product required and provide a more accurate maximum lending amount. The actual maximum lending available will be determined at the point a Full Mortgage Application is submitted.