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 22 January, Accord are making changes to their Residential New Business product range. The current range will be withdrawn at 10pm on Wednesday 21 January and the new range will be available at 8am om Thursday 22 January.
What’s changing?
- 75% LTV rates reduced by up to 0.21%
- 80% LTV rates reduced by up to 0.13%
- 85% LTV rates reduced by up to 0.13%
- 90% LTV rates increasing by up to 0.04%, or reducing by up to 0.08%
- 95% LTV rates increasing by up to 0.30%
- £5k Deposit Mortgage increasing by 0.10%
- 10 year rate reduced by 0.45%
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.
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 website and chatbot are available to help them get answers quickly and easily.
Brokers also have access to MSO for real time updates on existing cases, freeing up their time to help clients.