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.
We’re reducing rates in our Buy to Let New Business product range
We appreciate the market is volatile at present, and whilst not always possible, we will endeavour to give you at least 24 hours’ notice of any upcoming changes.
On Thursday 22 August, we’re making changes to our Buy to Let New Business product range. The current range will be withdrawn at 10pm Wednesday 21 August and the new range will be available at 8am Thursday 22 August.
What’s changing?
- 2 Year fixed rates are reducing by 0.20% (except 80% LTV products)
- 3 Year fixed rates are reducing by 0.15% (except 80% LTV products)
- 5 Year fixed rates are reducing by 0.15% (except 80% LTV products).
What else do you 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 you are yet to submit a DIP, please do so as soon as possible as any referrals will only be looked at during normal office hours.
For Buy to Let applications, the product selected will impact the maximum loan we can offer. As a product cannot be selected at DIP stage, it is important that you use our rental calculator, which can be found here, as this allows you to input the details of the product required and provide you with a more accurate maximum lending amount. The actual maximum lending available will be determined at the point you submit a Full Mortgage Application.