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 have reduced rates across their BTL new business product range and introduced new products
What’s changing?
With immediate effect
- A new range of 60% LTV fixed rate products has been launched at 2, 3 & 5 year terms with rates starting at 5.55%.
- At 65% LTV & 75% LTV, fixed rates have been reduced by up to 0.10%. The £995 fee option has also been reduced to £495.
From Monday 24th October
- A new range of Discount Variable rate products will be launched with 2 year terms at 60%, 65% and 75% LTV with rates starting at 4%
What else do you need to know?
- All products come with a Free Valuation.
- House purchase customers will receive cashback on completion.
- Re-mortgage customers can choose between products with cashback, or products with our Remortgage Legal service.
Accord are reducing rates across their Residential New Business product range
What’s changing?
- 75% LTV product rates reducing by up to 0.35%
- 85% LTV product rates reducing by up to 0.35%
- 90% LTV product rates reducing by up to 0.53%
- 95% LTV product rates reducing by up to 0.52%
- Help-to-buy product rates reduced by up to 0.10%
- Fees on selected products reduced by £500 to £495
- Introduction of a ten-year fixed rate product
We’re increasing our Buy to Let Interest Coverage Ratio Rates (ICR Rates)
The new ICR Rates are as follows:
- 5-year products – 8% or product rate + 2%, whichever is higher
- 5-year products – 7% or product rate + 1%, whichever is higher
Rates are changing on selected Accord BTL Product Transfers and three new products have been added
Accord are changing rates on selected Buy to Let Product Transfer products plus adding three new products. Existing products are being withdrawn at 6pm on 28th October and new products will be available immediately at 6pm on 28th October.
What’s changing?
- Selected products have been increased by up to 0.15%
- Selected products have been reduced by up to 0.14%
- 3 new £495 fee products have been added to the range
- £950 and £1995 fee options have been withdrawn and not replaced
When is this change?
- Existing products are being withdrawn at 6pm on 28th October
- New products will be available immediately at 6pm on 28th October