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 increasing rates across their Residential New Business range
Rates are increasing across the Accord Residential New Business range, existing products will be withdrawn at 8pm on Monday 23rd May and new products will be available from 9am on Tuesday 24th May.
What’s changing?
Rates are being increased across the Accord New Business Residential range –
Summary of changes –
- 75% LTV – Rates increased by up to 0.37%
- 80% LTV – Rates withdrawn and not replaced
- 85% LTV – Rates increased by up to 0.32%
- 90% LTV – Rates increased by up to 0.32%
- 95% LTV – Rates increased by up to 0.33%
- Discounted SVR rates increased by 0.10%
- Help to Buy rates increased by up to 0.32%
What’s staying the same?
- Nothing is staying the same, all products are changing
When is this change?
- Existing products will be withdrawn at 8pm on Monday 23rd May
- New products will be available from 9am on Tuesday 24th May.
Accord are increasing rates across our Residential Product Transfer range and extending end dates
Applies to: Residential Product Transfers
Accord are making changes to their Residential Product Transfer range. Existing products will be withdrawn at 8pm on Wednesday 25th May and new products will be available from 8am on Thursday 26th May.
What’s changing?
- All rates are increasing by up to 0.30%
- £295 fee products removed and replaced with £495 fee products.
- 5 year £500 cashback products introduced, replacing £100 cashbacks.
- End dates moving to 30th September
What’s staying the same?
- Nothing, all products are changing
When is this change?
- Existing products will be withdrawn at 8pm on Wednesday 25th May
- New products will be available from 8am on Thursday 26th May
We are increasing rates on our Buy to Let New Business range and adding cashback to some products
Applies to: Buy to Let New Business
We are making changes to our Buy to Let New Business range. Existing products will be withdrawn at 8pm on Wednesday 25th May and new products will be available at 9am on Thursday 26th May.
What’s changing?
- 60% LTV fixed rates increased by up to 0.35%
- 65% LTV fixed rates increased by up to 0.25%
- 75% LTV fixed rates increased by up to 0.46%
- 80% LTV fixed rates increased by up to 0.10%
- A minimum of £300 Cashback has been added to all Fixed Rate products that don’t include the Accord Remortgage Legal Service. This is to provide flexibility to customers who want to use their own solicitor.
What’s staying the same?
- Discounted Variable Rate products are unchanged
When is this change?
- Existing products will be withdrawn at 8pm on Wednesday 25th May
- New products will be available at 9am on Thursday 26th May
We would like to apologise, due to high demand for our products and in order to maintain our excellent levels of service, we have been unable to give a full 24hours notice on this occasion.