Accord News
- 02 February - Accord cuts most 85% LTV rates – other rates changing too
- 25 January - Technical issues resolved
- 12 January - Accord Mortgages EBT and AL Product Launch - 13 January
- 10 January - NEW - 90% LTV products from 12 January
- 05 January - New Business Product Range Changes - 06 January
02 February - Accord cuts most 85% LTV rate - other rates changing too
Accord Mortgages will be withdrawing all products at 8pm today, Thursday 2 February.
New products and those that are not changing will be available on Monday 6 February.
This is to allow us to deal with any increase in applications that may result from this announcement to re-price.
75% LTV PRODUCTS – Changing:
- 5 year fixed rates will increase by 0.10% (including offset).
- The 5 year fixed rate large loan product will increase by 0.20% (including offset)
- 2 year trackers will increase by 0.20% (including offset).
- The tracker rate within the hybrid product will increase by 0.20% whilst the fixed rate will increase by 0.10% (including offset).
75% LTV PRODUCTS – Not Changing:
- No changes to 2 year fixed rates (including offset).
- No changes to 3 year fixed rates
85% LTV PRODUCTS – Changing (for large loan exceptions see below)
- 2 year fixed rates will reduce by 0.15% (including offset).
- 3 year fixed rates will reduce by 0.10%
- 5 year fixed rates will reduce by 0.20% (including offset).
- 2 year trackers will reduce by 0.20% (including offset).
- The tracker rate within the hybrid products will reduce by 0.20% whilst the fixed rate will reduce by 0.10% (including offset).
85% LTV PRODUCTS – Not Changing
- No changes to 2 year fixed rate £750,000 minimum loan (including offset).
- No changes to 5 year fixed rate £750,000 minimum loan (including offset).
- No changes to 2 year tracker £750,000 minimum loan (including offset).
90% LTV PRODUCTS – No changes to these products.
Important information about Booking Fees:
- Any booking fee is payable as part of the full mortgage application process and is non-refundable.
- The full mortgage application should not be started unless you receive an 'Accept' Lending Decision. Please await the outcome of referrals as the booking fee is not refunded in the event of a decline.
- In the event of a product withdrawal, a full mortgage application must be completed (ONLY if an 'Accept' Lending Decision has already been received) and the booking fee paid to reserve the product before midnight on the date of withdrawal.
- Processing of your application will not commence until the booking fee is paid.
25 January - Technical Issues Resolved
The technical issues we experienced this morning have now been resolved. You can now use online lending decision / mortgage application. Thank you for your patience and sorry for any inconvenience caused.
12 January - Accord Mortgages EBT and AL Product Launch - 13 January
The Accord Existing Borrower Transfer and Additional Loan product range will be withdrawn and re-priced with end dates extended to 30 April.
Changes in market swap rates have enabled us to review our product range and some products will increase in rates. Tracker products rates remain unchanged.
EBT and AL Rate Changes by 10bps (including Offset variants):
- All fixed rate products
- All fixed rate elements of tracker to fixed rate products
EBT and AL products will be withdrawn on Thursday 12 January at 8pm and replaced on Friday 13 January at 9am.
Important information about Booking Fees:
- Any booking fee is payable as part of the full mortgage application process and is non-refundable.
- The full mortgage application should not be started unless you receive an 'Accept' Lending Decision. Please await the outcome of referrals as the booking fee is not refunded in the event of a decline.
- In the event of a product withdrawal, a full mortgage application must be completed (ONLY if an 'Accept' Lending Decision has already been received) and the booking fee paid to reserve the product before midnight on the date of withdrawal.
- Processing of your application will not commence until the booking fee is paid.
10 January - Accord is launching into 90% LTV market from 12 January
Accord Mortgages is pleased to announce the launch of 90% LTV products from Thursday 12 January 2012, making lending available to quality customers with lower deposits.
We will initially offer a range of 2 and 5 year fixed rate products designed to meet a range of customer needs. Products will be available for house purchase including first time buyers, and re-mortgaging.
Accord Mortgages will continue to act as a responsible lender and our 90% LTV business will be undertaken under the criteria in place for our existing lending. However, we will exclude lending on new build properties and all flats on 90% LTV products.
Our 90% LTV products should prove an attractive proposition to customers with a good credit history, and are in stable employment.
The 90% LTV product range will be launched with a minimum loan size of £75K and a maximum loan size of £500K.
All other Accord new business products are unaffected by this launch.
Important information about Booking Fees:
- Any booking fee is payable as part of the full mortgage application process and is non-refundable.
- The full mortgage application should not be started unless you receive an 'Accept' Lending Decision. Please await the outcome of referrals as the booking fee is not refunded in the event of a decline.
- In the event of a product withdrawal, a full mortgage application must be completed (ONLY if an 'Accept' Lending Decision has already been received) and the booking fee paid to reserve the product before midnight on the date of withdrawal.
- Processing of your application will not commence until the booking fee is paid.
05 January - New Business Product Range Changes - 06 January
Accord will be withdrawing the current range of products on Thursday 5 January at 8 pm. There are no changes to 75% LTV product rates. All products will be replaced with product end dates of 31 March.
A new range of products will be launched from 9am on Friday 6 January. The majority of product rates will remain unchanged although selected products at 85% LTV will change.
85% LTV Launch in Brief:
- Rates on tracker to fixed £995 fee products will reduce by 0.10%, as will rates for all 3 year fixed rate products.
- Rates for 5 year fixed rate £995 and £1,995 fee products will reduce by 0.20%.
- Pricing for selected £1,995 fee products in the range will increase by between 0.05% and 0.20%.
- Pricing for selected £3,990 fee products in the range will increase by between 0.10% and 0.30%.
- No change to rates on 2 year fixed and Offset variant product with £495 or £995 fee.
For all re-mortgage only products the booking fee will reduce from £195 to £95.
Important information about Booking Fees:
- Any booking fee is payable as part of the full mortgage application process and is non-refundable.
- The full mortgage application should not be started unless you receive an 'Accept' Lending Decision. Please await the outcome of referrals as the booking fee is not refunded in the event of a decline.
- In the event of a product withdrawal, a full mortgage application must be completed (ONLY if an 'Accept' Lending Decision has already been received) and the booking fee paid to reserve the product before 8pm on the date of withdrawal.
- Processing of your application will not commence until the booking fee is paid.