Accord News
- 30 June - Fixed rate EBT and additional loan reductions
- 22 June - Fixed rate reductions
- 7 June - Accord Additional Loans Range
- 2 June - New 3 year capped tracker products 3 June
- 23 May - Semi Exclusive 85% fixed rates reduced
- 11 May - Transfer Products Launch
- 10 May - Semi Exclusive fixed rates reduced
- 23 March - Product price reductions live from tomorrow
- 22 March - Accord product launch DELAY
- 21 March - Semi exclusive two-year fixed rates reduced
- 18 March - Change to Accord transfer products
- 14 March - Accord cuts selected fixed rates
- 18 February - Change to Accord transfer products
- 14 February - Urgent service message
- 11 February - Accord Product Withdrawal
- 27 January - Accord TRANSFER Product Launch
- 26 January - Accord Product Launch
- 01 January - Accord Product Withdrawal
30 June - Fixed rate EBT and additional loan reductions
Accord is reducing all fixed rate EBT and additional loan products in line with our semi exclusive range. Tracker rates remain unchanged.
- Fixed rates reduced by a minimum of 0.20%.
- End dates for all products will now be 31 October.
Additional loans are available as 2 year fixed rates and trackers, with offset variants also available. EBT products are available as 2 or 3 year fixed rates and trackers, also with offset variants.
Products will be withdrawn at midnight on Thursday 30 June and replaced on Friday 1 July at 9am.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.
22 June - Fixed rate reductions
Accord is delighted to announce that we will be reducing our fixed rate product range. These changes will ensure the Accord products are competitive across a range of terms.
To take advantage of the new lower rates for your customers, please wait until tomorrow to submit applications. Remember, lending decisions already completed remain valid for the new range (up to a maximum of 30 days).
- Pricing will be reduced across the fixed rate product range by a minimum of 0.20%.
- Product end dates will remain 31 August.
- We will also be reducing the minimum loan size that applies for our large loan, no fee products to £500,000.
- We will continue to offer a number of valuation, legal cost and cash back incentives.
- Tracker product pricing will remain unchanged and we will continue to offer the new 3 year capped trackers
Our current range of fixed rate products will be withdrawn at midnight on Wednesday 22 June. New products will be available from 9 am Thursday 23 June.
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 date of withdrawal.
- Processing of your application will not commence until the booking fee is paid.
2 June - New 3 year capped tracker products 3 June
We are delighted to announce that we are adding a number of 3-year capped tracker products to our semi-exclusive range as of Friday 3 June.
- These products will have the benefit of tracking the Bank of England rate but only up to a rate of 2.50% during the product term (for example, the maximum customer rate may rise by is 2.00%)
- Rates start from BOE + 2.19% for three years at 75% LTV with £1,995 fee
- Rates start from BOE + 2.39% for three years at 75% LTV with £995 fee
These products should prove attractive to customers and be competitive in the 3-year tracker market. This means that customers can take advantage of rates lower than fixed equivalents now and have certainty of the maximum their repayments may possibly increase by during the term.
Products will be available at both 75% LTV and 85% LTV bands both with and without incentives.
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.
- Processing of your application will not commence until the booking fee is paid.
7 June - Accord Additional Loans Range
We're pleased to announce a new additional loans range for existing borrowers. These changes improve the competitiveness of our products for customers who've been with us for at least two years – check the product guide available from Thursday for full details.
The new Additional Loan range features:
- 2 year fixed rates from 3.89%
- 2 year trackers from 3.19%
- Offset options available for fixed rate products
- Minimum loan £3k, £95 completion fee.
The current Additional Loan lifetime tracker products will be withdrawn at midnight on Wednesday 8 June 2011 - these will not be replaced with equivalent products. The new product range will be available form 9 June 2011.
2 June - New 3 year capped tracker products 3 June
We are delighted to announce that we are adding a number of 3-year capped tracker products to our semi-exclusive range as of Friday 3 June.
- These products will have the benefit of tracking the Bank of England rate but only up to a rate of 2.50% during the product term (for example, the maximum customer rate may rise by is 2.00%)
- Rates start from BOE + 2.19% for three years at 75% LTV with £1,995 fee
- Rates start from BOE + 2.39% for three years at 75% LTV with £995 fee
These products should prove attractive to customers and be competitive in the 3-year tracker market. This means that customers can take advantage of rates lower than fixed equivalents now and have certainty of the maximum their repayments may possibly increase by during the term.
Products will be available at both 75% LTV and 85% LTV bands both with and without incentives.
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.
- Processing of your application will not commence until the booking fee is paid.
23 May - Semi Exclusive 85% fixed rates reduced
We’re delighted to announce improvements to our range of semi-exclusive fixed rate products from 85% LTV.
Products will be withdrawn at midnight on Monday 23 May 2011 and replaced at 9am on Tuesday 24 May 2011.
- 2 year 85% LTV fixed rate pricing reduced by 0.10%.
- 3 year and 5 year 85% LTV fixed rate pricing reduced by 0.15%
Our updated list of products will be available on our website from 9am on Tuesday 24 May www.accordmortgages.com/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 Monday 23 May 2011.
- Processing of your application will not commence until the booking fee is paid.
11 May - Transfer Products Launch
Accord is pleased to announce a reduction in pricing across our fixed rate range of transfer products. These changes will ensure that our products will continue to be competitive and very attractive to existing Accord customers.
- All products withdrawn and replaced with end dates of 31 August
- Fixed rates reduced by between 0.20% and 0.30%
- Tracker rate pricing will remain unchanged
Products will be withdrawn at midnight on Thursday 12 May 2011 and replaced at 9 am on Friday 13 May 2011.
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 12 May 2011.
- Processing of your application will not commence until the booking fee is paid.
10 May - Semi Exclusive fixed rates reduced
We're delighted to announce improvements to our range of semi-exclusive products including fixed rate reductions and new £500 cash back products added to the range.
Products will be withdrawn at midnight on Wednesday 11 May 2011 and replaced at 9am on Thursday 12 May 2011.
- Fixed rates reduced by between 0.20% and 0.25%.
- New £500 cashback products added to the range.
- All products will have August end dates.
- Tracker rates remain unchanged.
Our updated list of products will be available from 9am on Thursday 12 May, www.accordmortgages.com/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 Wed 11 May 2011.
- Processing of your application will not commence until the booking fee is paid.
23 March - Product price reductions live from tomorrow
Further to the announcements of 21 March and 22 March, we’re delighted to confirm that our semi-exclusive 2 year fixed rate products with rate reductions of 0.20% will be available from Thursday 24 March.
22 March - Accord product launch DELAY
We regret that due to unexpected systems problems, the Semi-Exclusive 2 year fixed rate products we expected to launch tomorrow, 23 March, will be delayed.
This means that the 0.20% rate reduction will be delayed for 24 hours as we expect the new products will go live on Thursday 24 March.
The existing 2 year fixed rate products will remain available in the mean time.
We apologise for any inconvenience that this causes you.
21 March - Semi exclusive two-year fixed rates reduced
Accord Mortgages is re-pricing the two-year fixed rates within our semi-exclusive range to further improve our competitive positioning following the recent movement in market swap rates.
Products will be withdrawn at midnight Tuesday 22 March and replaced on Wednesday 23 March at 9.00 am.
Rates in our semi-exclusive range will be available from 3.24% (75% LTV with a £1,995 fee).
Our existing competitive tracker products will continue to be available. The end date for all new business products will remain 31 May.
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 Monday 14 March
- Processing of your application will not commence until the booking fee is paid.
18 March - Change to Accord transfer products
We are updating our range for existing customers transferring to new products.
All transfer products will be withdrawn at midnight on Sunday, 20 March. New products are available from 9am, Monday 21 March.
Fixed rate product rates will increase by up to 0.30%. Tracker product rates will remain unchanged.
The good news is that end dates are extending and we are reducing early repayment charges.
The launch in brief:
- New end dates of 31 May
- Reduced ERCs for 2 and 3 year fixed rates of 3% per year.
- Reduced ERCs for 2 year trackers of 2% per year
- Most rates will not change, however full status 2 year fixed rate products between 85% LTV and 100% LTV will increase by 0.10%.
14 March - Accord cuts selected fixed rates
We're delighted to announce improvements to our range of semi-exclusive products including fixed rate reductions and new lower fee products for loans up to £150,000.
All semi-exclusive products will be withdrawn at midnight on Monday 14 March and a new range will be launched on Tuesday 15 March.
New Semi-Exclusive Range
- Fixed Rates reduced by up to 0.10% on selected products
- Introduction of new low fee products for loans up to £150,000
- Change to ERC structure for 2 & 3 year products, with 2 & 3 year fixed reducing to 3% per year, and 2 year trackers reducing to 2% per year
- End dates on new products will be 31/05
- The following products will be withdrawn and not replaced:
- 3 year trackers
- House purchase and remortgage cashback products
Our updated list of products will be available on the products page from 9:00am on Tuesday 15 March
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 Monday 14 March
- Processing of your application will not commence until the booking fee is paid.
18 February - Change to Accord transfer products
Following the recent rises in market swap rates the fixed rate products in the Existing Borrower Transfer range are to be re-priced. This also reflects movements across the market as a whole.
Products will be withdrawn at midnight on Sunday 20 February and new products will be available from Monday 21 February at 9am.
Fixed rate product rates will increase by up to 0.30%. Tracker product rates will remain unchanged.
The following fixed rate full status products will be withdrawn and not replaced:
- 3 year products above 100% LTV
- 5 year products above 85% LTV
Product end dates will remain 31 March.
14 February - Urgent service message
Due to high volumes of business received last week, our service has been affected. You can help us to process business quickly by not calling to chase applications. As soon as we start to process your application, we will notify you via email. Our service page will be updated on a daily basis, so please check this to see the current situation.
06 January - Accord Product Withdrawal
All Accord Mortgages new business products will be withdrawn at midnight on Sunday 09 January.
A new range of new business products will be available from 9:00am on Monday 10 January featuring:
- New products with a £500 cashback incentive, available for house purchase and remortgage
- Selected product rates reduced by 0.10%
- Selected product rates increased by 0.10%
Our updated list of products will be available on our product page from 9:00am on Monday 09 January.
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 09 January.
Processing of your application will not commence until the booking fee is paid.