Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Accord Update

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 withdrawing and replacing their current range of Residential New Business products
Applies to Accord Residential NB only

Accord’s current product range will be withdrawn Monday 22nd at 8pm and replaced Tuesday 23rd November, at 9am. All end dates will be extended to 31st March.

What’s changing?

  • Accord are withdrawing and replacing the current product range
  • End dates are being extended to 31st March

When is this changing

The current range will be withdrawn Monday 22nd at 8pm and replaced Tuesday 23rd November, at 9am.

Accord are removing their BTL minimum income requirements

Applies to Accord BTL

You’ve heard Accord talk about their common-sense approach to lending and how they consider each case on its own merits, so it made no sense that they still ask all landlords to have a minimum earned income. So, from Wednesday 24th November 2021, Accord removing their BTL minimum income requirements.

What’s changing? 

The removal of our minimum income requirements

To help more landlords, including those who would normally meet Accord’s lending criteria and risk profile but wouldn’t meet their minimum income requirements, Accord will no longer be asking for a minimum income of £25k.

Minimum income requirement of £50k still applies to top slicing applications.

Affordability will still be based on the existing rental thresholds

In addition, if you have a landlord client who’s also a first-time buyer, rather than just ‘computer says no’ Accords’ underwriters will have the flexibility to review each case on its merits and give your broker a lending decision based on good old common sense. Accords’ criteria will stay the same, but if your broker has a landlord client who’s also a first-time buyer they can contact their Business Development Manager, because Accord might just be able to help.

To see all Accords’ buy to let criteria, click here. 

When is this changing?

These changes will be live from 8am on Wednesday 24th November.

We’re withdrawing and replacing the current range of BTL New Business products

Applies to Accord BTL NB only

Accord’s current product range will be withdrawn Wednesday 24th at 8pm and replaced Thursday 25th November, at 9am. All end dates will be extended to 30th April.

What’s changing?

  • Accord are withdrawing and replacing the current product range, there will be some rate reductions and some rate increases
  • End dates are being extended to 30th April

When is this changing

The current range will be withdrawn Wednesday 24th at 8pm and replaced Thursday 25th November, at 9am.

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