Accord are increasing rates in their Residential New Business, Product Transfer & Additional loan product ranges
On Thursday 28 May, Accord are increasing rates in their Residential New Business, Product Transfer and Additional Loans product ranges. The current ranges will be withdrawn at 10pm, Wednesday 27 May, and the new ranges will be available at 8am, Thursday 28 May.
What’s changing?
Residential New Business
- 5- year remortgage fixed rates at 90% LTV will be increased by 0.03%
- End dates will be extended to 30 September
Residential Product Transfers and Additional Loans
- 2 and 5-year 65% LTV fixed rates will be increased by 0.10%
- All other fixed rates will be increased by 0.15%
- No change to tracker rates
- End dates will be extended to 30 September
What else do brokers need to know?
New Business: Please note that a full mortgage application must be submitted by the time of withdrawal to secure a new lending product. If brokers are yet to submit a DIP, they should do so as soon as possible as any referrals will only be looked at during normal office hours.
Helping brokers support their clients
- Quick answers, fast – Brokers can use Accord’s website to easily find the information they need, including criteria updates.
- Stay up to date – MSO gives brokers real-time updates on cases, helping them manage more clients with confidence.
- Product Transfers: Mortgage charter – Find out everything you need to know here, including switching your client’s product