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.
Accord are making significant changes to their Residential and Buy To Let new business ranges
Applies to: Residential and Buy To Let new business
We’re making the following changes to our Residential and Buy To Let new business ranges with rates being withdrawn at 8pm Tuesday 22nd and new rates launching at 9am Wednesday 23rd February.
What’s changing?
Rates are being increased across the full Residential range & 21 Buy to Let products are being withdrawn and not replaced
Summary of Residential changes
- 65% LTV – Rate increased by 0.35%.
- 75% LTV – Rates increased by up to 0.35%.
- 80% LTV – Rates increased by up to 0.33%.
- 85% LTV – Rates increased by up to 0.45%.
- 90% LTV – Rates increased by up to 0.37%.
- 95% LTV – Selected rates increased by up to 0.28%.
- Help to Buy – Rates increased by 0.20%.
Summary of Buy to Let changes –
- All 60% LTV Fixed Rate Products with end dates of 30th April 2024 withdrawn.
- All 60% LTV Fixed Rate Products with end dates of 30th April 2027 withdrawn.
- All 65% LTV Fixed Rate Products with end dates of 30th April 2027 (excluding the ERC Free variants) withdrawn.
- 75% LTV 5 year Fixed Rate Products with £995 fee withdrawn.
What’s staying the same?
- 4 Residential products remain unchanged.
- All other Buy to Let products in the range will remain unchanged.
When is this changing?
The products will be withdrawn Tuesday 22nd February at 8pm and the new rates will be available Wednesday 23rd February from 9am.