We’re delighted to let you know we’re re-introducing a selection of 90% LTV products* into our core range.
The new products will be available from 9am on Wednesday 18 November. And in addition to home purchase products for both first-time buyers and home movers, for the first time since the start of the pandemic the range will also include remortgage products.
The new products will be available for either two or five-year terms and all come with a free valuation, plus paid legal fees for remortgages. Examples include:
- A 3.69% 2-year fixed rate deal with a £995 product fee. Available for either house purchase or remortgage.
- A 3.79% 5-year fixed rate deal with a £995 product fee. Available for either house purchase or remortgage.
Residential rates going down
In addition, selected product fees and rates up to 85% LTV have been reduced by up to 0.20%.
Residential rates going up
We’re increasing our 10-year fixed rate deal by 0.12% but halving the product fee.
And our two 90% LTV portability deals will increase by 0.10%.
Residential deals not changing
None – to give clients better value for longer, all end dates are being extended to 30 April.
The current product range will be withdrawn at 8pm tonight and replaced at 9am tomorrow
Is 90% LTV available on new build properties?
No. Lending on new build properties (houses and flats) 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.
Are the 90% LTV products limited to house purchases?
No, these products are available to purchase both houses and flats that meet our standard lending criteria.
What’s the term length of these products?
The term for the new 90% products remains as standard, up to 40 years.
We’re increasing selected rates across to our residential product transfer and additional loan ranges tomorrow at 8am (Thursday 19 November)
30 products in the 75% to 90% LTV tiers will be increasing by up to by up to 0.40%.
44 products will remain unchanged
The current range of products will be withdrawn tonight at 8pm (Wednesday 18 November) and the new products will available from 8am tomorrow.
Our full range of Product Transfer rates are available to existing Accord clients whose current deal is coming to an end or they’re mortgage rate is our SVR
And don’t forget we pay a competitive 0.30% proc fee for product transfers and additional loans over £3,000.
Brokers could get an offer and complete their client’s product transfer in just a few clicks using our online application process. We don’t require affordability assessments, valuations or credit checks for straightforward product switches.