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.
UPCOMING WITHDRAWAL OF OUR NEW BUSINESS RANGES
On Monday 19 June, all products in our Residential and Buy to Let new lending ranges will be withdrawn.
The current product ranges will be withdrawn at 10pm on Monday 19 June, with new product ranges launched at 8am on Tuesday 20 June.
What’s changing?
- All products in our Residential and BTL new lending ranges will be withdrawn on Monday 19 June
- Replacement products will be available on Tuesday 20 June.
What else is changing?
- A small number of products will be withdrawn and not replaced.
What else do you need to know?
- A follow up email will be sent on Monday 19 June, with details of the new products
- Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product.
When is this change?
- The current product ranges will be withdrawn at 10pm on Monday 19 June
- The new product ranges will be available from 8am on Tuesday 20 June.
Our Residential and BTL New Business rates are increasing
We appreciate the market is volatile at present, and whilst not always possible, will endeavour to give you at least 24 hours notice of any upcoming changes.
Therefore, as confirmed on Friday, our current Residential and Buy to Let New Business ranges will be withdrawn at 10pm today (19 June).
The new ranges will be launched from 8am on Tuesday 20 June and you’ll find more details below.
What’s changing?
Changes to our new lending rates are as follows:
Residential:
- Selected fixed rate products at 60% LTV increased by between 0.22% and 0.31%
- Selected fixed rate products at 75% LTV increased by between 0.18% and 0.31%
- Selected fixed rate products at 80% LTV increased by between 0.16% and 0.40%
- Selected fixed rate products at 85% LTV increased by between 0.12% and 0.51%
- Selected fixed rate products at 90% LTV increased by between 0.09% and 0.64%
- Selected fixed rate products at 95% LTV increased by between 0.05% and 0.49%, and selected products reduced by 0.02% and 0.06%
- Selected tracker rate products reduce by up to 0.12%
- An increased reversionary rate discount has been added to products with terms of less than 5 years, increasing the discount from 1.19% to 2.19% below the Accord Mortgages Standard Variable rate.
Buy to Let:
- Selected fixed rate products at 60% LTV increased by between 0.30% and 0.38%
- Selected fixed rate products at 65% LTV increased by between 0.28% and 0.39%
- Selected fixed rate products at 75% LTV increased by between 0.28% and 0.45%
- Selected fixed rate products at 80% LTV increased by between 0.34% and 0.75%
- New 3 year fixed rate products added at 60%, 65% and 80% LTVs
- New 2 & 5 Year fixed rate products added with a £3495 fee at 60%, 65% and 75% LTVs.
What else is changing?
- A small number of products will be withdrawn and not replaced in both Residential and Buy to Let ranges.
What else do you need to know?
- For Buy to Let applications, the product selected will impact the maximum loan we can offer. As products cannot be selected before the Full Mortgage Application stage, we recommend that you do not rely on the maximum lending figure produced at Decision in Principle
- It is important that you use our Buy to Let rental calculator as this allows you to input the details of the product required and obtain a more accurate lending figure
- Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product.
When is this change?
- The current product ranges will be withdrawn at 10pm on Monday 19 June
- The new product ranges will be available from 8am on Tuesday 20 June.
Accord’s Residential PT & AL rates are increasing
Accord appreciate the market is volatile at present, and whilst not always possible, will endeavour to give you at least 24 hours notice of any upcoming changes.
On Wednesday 21 June, Accord’s Residential fixed rate Product Transfer and Additional Loan products will increase by up to 0.45%.
The current range will be withdrawn at 8pm on Tuesday 20 June and new range available at 8am on Wednesday 21 June.
What’s changing?
- Accord are increasing rates on all Residential fixed rate Product Transfer and Additional Loan products by up to 0.45%
What else is changing?
- There are no other changes. Tracker rates remain the same.
When is this change?
- The current product range will be withdrawn at 8pm on Tuesday 20 June
- The new product range will be available from 8am on Wednesday 21 June.
Residential PT & AL rates are increasing
Accord appreciate the market is volatile at present, and whilst not always possible, will endeavour to give you at least 24 hours notice of any upcoming changes.
On Wednesday 21 June, Accord’s Residential fixed rate Product Transfer and Additional Loan products will increase by up to 0.45%.
The current range will be withdrawn at 8pm on Tuesday 20 June and new range available at 8am on Wednesday 21 June.
What’s changing?
- Accord are increasing rates on all Residential fixed rate Product Transfer and Additional Loan products by up to 0.45%
What else is changing?
- There are no other changes. Tracker rates remain the same.
When is this change?
- The current product range will be withdrawn at 8pm on Tuesday 20 June
- The new product range will be available from 8am on Wednesday 21 June.
WE’RE INCREASING OUR BTL PRODUCT TRANSFER RATES
We know the market is volatile at the moment and will endeavour to give you at least 24 hours’ notice of any upcoming changes wherever possible.
We’re increasing rates on our BTL product transfer range. The current range will be withdrawn at 8pm Thursday 22 June and the new range will be available at 8am Friday 23 June.
What’s changing
- 60% LTV product rates will be increasing by up to 0.47%
- 65% LTV product rates will be increasing by up to 0.45%
- 75% LTV product rates will be increasing by up to 0.40%
- 80% LTV product rates will be increasing by 0.40%
When is this change?
The current range will be withdrawn at 8pm Thursday 22 June and the new range will be available at 8am Friday 23 June.