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.
BTL PTs
We’re making the following changes to our BTL product transfer range at 6pm on Thursday 23rd July.
EBT rates going down & extending end dates
We’re cutting rates on all our 2 year fixed 75% LTV BTL product transfer products by 0.02% and extending end dates to 30th November.
– Our no fee product is reduced by 0.02% to 2.39% (New product code-300356)
– Our £950 fee product is reduced by 0.02% to 2.09% (New product code-300360)
– Our £1495 fee product is reduced by 0.02% to 1.93% (New product code-300370)
EBT deals not changing
None. We’re extending the end dates on all products until 30th November to give your clients better value for longer.
The current range of products will be withdrawn at 6pm on Thursday 23rd July and the revised products will available simultaneously.
And don’t forget we pay a competitive 0.30 proc fee for BTL product transfers.
Switching deals is an easy process. Simply select the right deal from our Product Transfer range and complete an online form to request an offer. We don’t need affordability assessments, valuations or credit checks for straightforward mortgage switches.
Residential
We are withdrawing the current range from Monday 20th July at 8pm and replacing with a new range at 9am Tuesday 21st July with end dates extended to 30th November.
The full range has been reviewed and alongside the end date change, selected rates will also increase, with some products being withdrawn and not replaced.
Selected rates at 75% to 85% LTV will be increased and the new HTB products will be priced higher than those withdrawn.
Product Group | Affected Products |
75% LTV Increases of up to 0.05% (average 0.02%) Withdrawals | 51641, 51643, 51644, 51647 51658, 51670, 51672 51668, 51669, 51671, 51673 |
80% LTV Increases of up to 0.05% (average 0.03%) | 51645, 51651, 51674, 51676, 51683, 51684 |
85% LTV Increases of up to 0.19% (average 0.16%) | All products at 85% LTV |
Help to Buy Increases of up to 0.11% (average 0.06%) | 51691, 51720, 51693, 51721 |