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.
Rate reductions to Accord’s residential product transfer & additional loans ranges
Applies to: Accord Residential Product Transfer & Additional Loans only
Accord are pleased to say that they’re reducing rates on a significant number of product transfer and additional loan products, and will have a full range of products available for customers.
What’s being reduced?
49 products are reducing at all LTVs up to 90% by up to 0.27%. End dates have changed to 30th November to give customers full value.
What’s staying the same?
24 product rates are remaining the same.
What’s increasing?
1 product will increase by 0.6% – product code 54036.
When is the change?
The current range of products will be withdrawn at 8pm on Tuesday 27th July and the new products will be launched at 8am on Wednesday 28th July.
Rate reductions on Accord’s BTL Product Transfer range
Applies to: Accord BTL PT only
Accord are pleased to say that they’re reducing the rates on most of their product transfer range and introducing some further products.
What’s new?
3 new products with £495 fee options to allow customers more choice to pick the best suited product for their needs.
- 60% LTV- 2 year £495, 1.88% Fixed till 31st Dec 2023 Product # 300616
- 60% LTV- 5 year £495, 1.98% Fixed till 31st Dec 2026 Product # 300617
- 75% LTV- 2 year £495, 2.10% Fixed till 31st Dec 2023 Product # 300618
What’s being reduced?
Rates have been cut on 21 products across the range by up to 0.08%.
- 60% LTV: -7 products out of 8 see a reduction of 0.01% to 0.08%
- 65% LTV: -7 products out of 8 see reduction of 0.02% to 0.06% including all 5-year products
- 75% LTV: -7 products of 8 see reductions of 0.01% to 0.06%
What’s staying the same?
There are no changes to their 80% LTV range.
When is the change?
Existing products will be withdrawn at 6pm on Tuesday 27th July and relaunched at 8am on Wednesday 28th July.
Changes to Accord’s Residential product range – selected rates reduced
Applies to Accord residential only
The current new business range will be withdrawn on Thursday 29th July at 8pm and replaced at 9am Friday 30th July with selected rates reduced and end dates extended to November.
What’s changing?
- Selected rates at 75% to 95% LTV have been reduced by up to 0.15% (average 0.05%)
- Selected portability top up products have been reduced by up to 0.25%
- The end dates of all products have been extended to November
When is this changing?
The current range will be withdrawn on Thursday 29th July at 8pm and replaced at 9am Friday 30th July.