Brilliant Solutions

The internet is down in our Head Office.  Staff continue to answer the phone and respond to messages but understandably response times and service standards are affected.  Please contact your Relationship Manager directly if you have any urgent issues.  Thank you.

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Accord Update

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. 

Landlords can break free from ERCs with Accords new range of ERC free buy to let new business products
Applies to: Accord BTL New business only – house purchases and remortgage

From 8am Monday 17th January, Accord are launching a range of 5 year fixed rate buy to let new business products with no ERCs, giving landlords flexibility when they want to keep their options open – whether they want to fix their monthly payments while making unlimited overpayments, redeem the mortgage during the initial fixed term period, or transfer to a new product early (subject to meeting product transfer criteria) Accord’s new range gives them the option.

The new ERC free 5-year fixed rate range is available to first-time landlords, existing landlords and portfolio landlords, with rates priced at:

  • 2.39% for 65% LTV
  • 2.93% for 75% LTV
  • 3.99% for 80% LTV

All products come with a fee of £1,995, which can be paid on application or added to the loan and include free standard valuation. Landlords purchasing a property will also benefit from £250 cashback. Those remortgaging can choose either £250 cashback or our Remortgage Legal Service.

What else do you need to know?

  • Accord’s rental calculation for products with 5+ year terms will apply to these products. 

Go to Accords website for to see all their buy to let products or use their rental calculator to work out the minimum rent required.

 

Great news, we’re increasing our maximum LTV for debt consolidation

Accord now consider lending up to 85% LTV for those of your clients looking for debt consolidation.

What’s changing?

Accord are increasing the maximum LTV for debt consolidation to 85% LTV for your clients who are able to meet our higher credit score requirements.

When you submit a DIP, the decision returned will automatically confirm if your client is eligible for 85% LTV for debt consolidation. Where your client is not eligible, but does meet our standard credit score, they will automatically be offered 80% LTV. 

What’s staying the same?

There’s no change to the maximum number of debts being consolidated (10) for both secured and unsecured debts and there is still a £50,000 debt consolidation limit for unsecured debt.

Please note

  • DIP remains as a soft footprint only
  • All other lending policy must still be met
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