Accord Buy to Let news

09 May - BTL rate reductions and important changes to when we instruct a valuation - 10 May

Accord is delighted to announce reductions to rates for certain higher-fee products from 9am on Friday 10 May.

All products are available for both house purchase and remortgage up to 75% LTV:

  • 2 year fixed rates at 3.39% with free valuation and £250 cashback with a £1995 fee
  • 3 year fixed rates at 3.49% with free valuation and £250 cashback with a £1995 fee
  • 5 year fixed rates at 3.89% with free valuation and £250 cashback with a £1995 fee

We've a great range of tracker rates including 2 year products at 3.59% with £500 cashback and a £1,495 fee.
See our product page.
Accord residential products are not affected.

 

Important changes to when we instruct a valuation

We'll now instruct the valuation once the required fees have been paid and our underwriters have conducted their initial assessment - unless you instruct us otherwise.

We believe this change will help speed up our application to offer turnaround timescales and in doing so, improve our service to you and your clients.

If you have any questions about this change, please speak to your Business Development Manager or Advisor.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment - Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

15 April - Accord BTL – product end dates extended to 31 May - 16 April

As from 9am on Tuesday 16 April, Accord is extending end dates on its BTL products to 31 May.

Some products in the current BTL range already have end dates of 31 May and therefore the product codes on these will not change. All other products will be given new product codes. 

Also, here’s a reminder of some of our great BTL deals:

  • 3.59% - 2 year fixed rates with £1995 fee and £500 cashback
  • 3.69% - 3 year fixed rates with £1995 fee and £500 cashback
  • 3.99% - 5 year fixed rates with £1995 fee and £500 cashback
  • 3.49% - 2 year fixed rates with £1995 fee and free valuation and £250 cashback
  • 3.59% - 3 year fixed rates with £1995 fee and free valuation and £250 cashback
  • 3.99% - 5 year fixed rates with £1995 fee and free valuation and £250 cashback

We also have a range of Tracker deals available starting at 3.49% as well as products with various fee options.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

11 March - New 2, 3 & 5 year BTL fixed rates from 3.49%, with paid standard valuation and £250 cashback - 12 March

We're delighted to announce new additions to our BTL fixed rate product range from 9am on Tuesday 12 March 2013. We've also reduced selected 5-year fixed rates by 0.30%

All products are available for both house purchase and remortgage up to 75% LTV:

  • 3.49% 2 year fixed rates with paid standard valuation and £250 cashback
  • 3.59% 3 year fixed rates with paid standard valuation and £250 cashback
  • 3.99% 5 year fixed rates with paid standard valuation and £250 cashback
  • £195 booking fee and £1,800 completion fee
  • Selected 5-year fixed rates with £500 cashback reduced by 0.30%
Selected 5-year fixed rate products will be withdrawn at 9am on Tuesday 12 March 2013.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

25 February - New BTL products from 3.39% fixed - 26 February

We’re pleased to announce the addition of four new products to our Buy to Let product range from Tuesday 26 February at 9am.

Products are available for up to 75% LTV

  • 3.39% - 2 year fixed rates (house purchase and remortgage products)
  • 3.99% - 5 year fixed rates (house purchase and remortgage products)
  • Product fees: Booking £195, Completion 1.75%
  • Incentives: £250 cashback and paid standard valuation.

There are no BTL products being withdrawn and no changes to the current BTL product range.

Residential products are not affected.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

07 February - New BTL products and rate reductions!

Accord is launching a range of new BTL products at 9am on Thursday7 February. There'll be new 2, 3 and 5 year fixed rate products at 75% LTV with a range of fee options to suit your clients. There are also rate reductions on selected products.
Changes to the range include:
  • Reduced rates on selected £1,995 fee products by 0.10%
  • Increased rates on selected 5 year fixed rates by 0.20%
  • All product end dates to 31 March

Most products will be withdrawn and replaced on Thursday 7 February at 9am. This is with the exception of product codes: 100241, 100244, 150046, 150045, 150049 and 150048, which will remain on sale.
top of the page

23 November - Great News! Accord BTL products are getting even better! -  26 November

Rates on selected 3 and 5 year fixed rates are reducing and products previously only available up to 70% LTV are now available up to 75%.

We will withdraw all products with exception of products with a £1800 completion fee (100237, 100238, 100239, 100240).

All products will be replaced at 75% LTV on Monday 26 November at 9 am.

  • 2 year fixed rates from 3.69%
  • 3 year fixed rates from 3.99%
  • 5 year fixed rates from 4.39%
  • 2 year trackers from 3.49%

This product change does not affect our Residential products.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

15 November - Accord BTL - NEW 75% LTV Low Rate BTL products, 16 November

Accord is pleased to announce the launch of additional products to its Buy to Let range on Friday 16 November at 9am.

NEW Low Rate 75% LTV products

  • 2 year fixed rate with £1995 fee and £500 cashback – 3.69%
  • 5 year fixed rate with £1995 fee and £500 cashback – 4.39%

New products are available for House Purchase and Remortgage. End dates on new products in the BTL range are 31 December.

There are no other changes to the Accord Buy to Let range and no products are being withdrawn.

Residential products are NOT affected by this withdrawal and launch.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

31 October - Accord BTL Product Launch - New 70% LTV products -  01 November

Accord is pleased to announce the launch of brand new market leading 70% LTV products adding to its Buy to Let range on 1 November at 9am.

In addition to the launch, we will also be withdrawing all 2 year trackers with 2% fees at the same time.

New 70% LTV products

  • 2 & 5 year fixed rates with £195 fee and £500 cashback from 3.99%
  • 2 year BoE Tracker at 3.49% with £195 booking, 1.75% fee and £500 cashback
  • 2 year BoE Tracker at 3.99% with £195 booking and £500 cashback

End dates on all new products in the BTL range are 31 December.

Residential products are NOT affected by this withdrawal and launch.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

21 September - Accord BTL Product Launch - Rate Reductions - 24 September, 9am

Accord is pleased to announce rate reductions of up to 0.35% on our BTL products. The range will be withdrawn and replaced to allow us to extend end dates to 30 November.

We are introducing new 3 year fixed and 2 year BoE Tracker products and £500 cashback incentives are available with £995 fee products.

All BTL products will be withdrawn and replaced with new products on Monday 24 September at 9am.

Rate Reductions

  • 2 year BoE tracker rates from 3.89%, product fee £1,495
  • 2 year fixed rate products from 4.09%, product fee £995
  • 5 year fixed rate from 4.89%, product fee £995

New

  • 2 year BoE tracker from 3.49%, 2.00% product fee
  • 3 year fixed rate products from 4.19%, product fee £995
  • £500 cashback available with all £995 fee products

Withdrawn and not replaced:

  • Products with 0.50% fees
  • All 65% LTV products.

Residential products are NOT affected by this withdrawal and launch.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

12 July - BTL Product Launch, completion fees reduced on all fixed rates - Monday 16 July, 9pm

We are pleased to announce that on Monday 16 July we will launch a new range of Buy to Let products.

Further details:

  • Additional 2 year 65% LTV fixed rate products
  • Reduced completion fees for all our fixed rate products – down to £800 or for percentage fees, 0.50%
  • Product end dates for the new range will be 30th September.
  • A 75% LTV 2 year fixed rate previously removed from the range has been added back in.
  • 3 year fixed rates withdrawn and not replaced.
  • Products with legal fee assistance and free valuation are being withdrawn and not replaced.
  • All products that are being replaced will have unchanged rates.

To use the current range of products, please make sure you apply by midnight on Sunday 15 July

The new products will be available at 9am on the morning of Monday 16 July.

The residential range is not affected by the changes detailed here.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

28 May - Accord BTL Product withdrawal, Monday 28 May, 5pm

Accord Mortgages will be withdrawing a total of five Buy to Let products on Monday 28 May 2012 at 5pm.

The following products will be withdrawn for review and new products may be introduced at a later date. No other products are affected at this time.

House Purchase - Products Being Withdrawn

 

Code

Product

Rate

75% LTV

100191

2 year Fixed Rate

4.34%

Remortgage - Products Being Withdrawn

 

Code

Product

Rate

65% LTV

150027

2 year BoE +3.69% Tracker

4.19%

75% LTV

150028

2 year BoE +3.89% Tracker

4.39%

75% LTV

100203

2 year Fixed Rate

4.34%

75% LTV

100210

2 year Fixed Rate

4.64%

No residential products are being withdrawn at this time.

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment - Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of which you accept, we will refund the booking fee.
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

30 April - Accord BTL Product withdrawal, Monday 30 April, 5pm

Accord Mortgages will be withdrawing all BTL products on Monday 30 April at 5pm. A new range of BTL products will be launched on Tuesday 1 May at 9am.

Summary of changes

  • New product codes
  • Rate increase to some products
  • Fee increase on some products
  • ERCs on Tracker products are increasing from 2% per year to 3% per year

The following products will be withdrawn and not replaced:

  • 2 year fixed rate products at 65% LTV

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
  • When a withdrawal has been announced, if a Lending Decision refers you will be unable to progress to full mortgage application until a decision is returned. In order to secure the rate you must pay the booking fee at this point. You can pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.

top of the page

22 March - Accord BTL product withdrawal - Thursday 22 March, 5pm

Accord BTL will be withdrawing a total of 14 Buy to Let products today Thursday 22 March at 5 pm

The following products will be withdrawn, for review and may be re-introduced at a later date.  No other products are affected at this time.

House purchase products being withdrawn:

 

Code

Product

Rate

Product Fee

65% LTV

150013

2 year BoE +3.19% Tracker

3.69%

£1,300

150015

2 year BoE +3.29% Tracker

3.79%

£1,300

100160

2 year Fixed Rate

4.04%

0.75%

100163

3 year Fixed Rate

4.39%

£1,300

75% LTV

150014

2 year BoE +3.39% Tracker

3.89%

£1,300

150016

2 year BoE +3.49% Tracker

3.99%

£1,300

100162

2 year Fixed Rate

4.34%

0.75%

100164

3 year Fixed Rate

4.69%

£1,300

Remortgage products being withdrawn:

 

Code

Product

Rate

Product Fee

65% LTV

150017

2 year BoE +3.19% Tracker

3.69%

£1,300

100176

2 year Fixed Rate

4.04%

0.75%

100179

3 year Fixed Rate

4.39%

£1,300

75% LTV

150018

2 year BoE +3.39% Tracker

3.89%

£1,300

100178

2 year Fixed Rate

4.34%

0.75%

100180

3 year Fixed Rate

4.69%

£1,300

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
    • Telephone payment – Paid by 4pm on the working day after product withdrawal (note, you must call us to make the payment rather than selecting the option for us to call the client).
    • Cheque payment by post – The cheque must be received by Accord within two working days of product withdrawal. We do not accept responsibility for cheques missing in the post.
  • When a withdrawal is announced, please ensure that you make arrangements, as per the guidelines above, to pay outstanding booking fees for applications previously submitted to guarantee your selected product.
  • When a withdrawal has been announced, if a Lending Decision refers you may complete a Full Mortgage Application and pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.
  • If you received an Approve decision and complete a Full Mortgage Application for a product and later wish to switch to a new product, we will not refund the original booking fee nor waive any new booking fee which applies.

top of the page

09 March - Accord BTL product withdrawal - Friday 9 March, 5pm

Accord Mortgages will be withdrawing all BTL products on Friday 9 March at 5pm. A new range of BTL products will be launched on Monday 12 March at 9am.

Summary of changes

  • End dates extended to 31 May
  • House purchase products with free valuation now also include free legal service
  • Completion fees on all tracker products will increase
  • New product codes

The following products remain unchanged

  • All rates will remain the same
  • All fixed rate product fees will remain the same

 No residential products are affected by this change

Important information about Booking Fees:

  • To reserve a product when a product withdrawal has been announced, you must submit a Full Mortgage Application and pay the booking fee as per the following guidelines:
    • Online payment – Paid at time of full mortgage application submission
    • Telephone payment – Paid by 4pm on the working day after product withdrawal (note, you must call us to make the payment rather than selecting the option for us to call the client).
    • Cheque payment by post – The cheque must be received by Accord within two working days of product withdrawal. We do not accept responsibility for cheques missing in the post.
  • When a withdrawal is announced, please ensure that you make arrangements, as per the guidelines above, to pay outstanding booking fees for applications previously submitted to guarantee your selected product.
  • When a withdrawal has been announced, if a Lending Decision refers you may complete a Full Mortgage Application and pay the booking fee to reserve a product on the following understanding:
    • If the Lending Decision is subsequently declined, we will refund the booking fee.
    • If the Lending Decision refers and we subsequently offer either the same product but with different loan terms or a different product, neither of  which you accept, we will refund the booking fee
  • If a product withdrawal has not been announced, you must always await the outcome of a lending decision prior to submitting a Full Mortgage Application. If you do not await the outcome and subsequently receive a decline, the booking fee will not be refunded.
  • If you received an Approve decision and complete a Full Mortgage Application for a product and later wish to switch to a new product, we will not refund the original booking fee nor waive any new booking fee which applies.

top of the page

23 January - Buy to Let improvements from Accord

We’re delighted to announce that we are extending our geographical reach for Buy to Let to cover England and Wales from 23 January. We have also reviewed our BTL criteria.

Changes to Accord Mortgages Buy to Let criteria include:

  • The minimum property value will reduce from £150k to £100k
  • The minimum applicant age will reduce from 30 to 25
  • A new approach to the borrower distance from property criteria
  • Broker-certified copies of documentation will now be accepted instead of original documents being required
  • The minimum income for an applicant will reduce from £35k to £20k

Jeremy Law, Head of Buy to Let at Accord, commented “We’ve taken the last few months to ensure our processes are in place and to seek feedback from our lending partners, which has resulted in a review of our criteria and a number of key changes.”

To register and submit business please see out current list of partners.

top of the page

20 December 2011 - Accord BTL Christmas Opening Hours

During the Christmas period we will be closed for business on the following days:

  • Saturday 24 December 2011
  • Monday 26 December 2011
  • Tuesday 27 December 2011
  • Monday 2 January 2012

We will be closing at the slightly earlier time of 4pm on Friday 23 December.

We will be open for business as normal on Wednesday 28 December, Thursday 29 December, Friday 30 December and Saturday 31st December.

Normal service and working hours will resume on Tuesday 3 January 2012.

top of the page

15 December 2011 - Accord BTL Fixed Rate Reductions - Friday 16 December

Due to a recent reduction in funding costs, Accord Mortgages is pleased to be able to pass these reductions onto our customers by reducing fixed rates on our BTL range.

Accord will be withdrawing its current BTL product range on Thursday 15 December at midnight and replacing this with a new BTL range on Friday 16 December at 9am.


Summary Changes:

  • 2 year fixed rates reduced by 0.25%
  • 3 year fixed rates reduced by 0.20%
  • 5 year fixed rates reduced by 0.15%

The following products remain unchanged:

  • Trackers unchanged

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.

top of the page

07 December 2011 - Accord BTL Product Launch & Withdrawal - 08 December

Further to increases in funding costs, Accord Mortgages Buy to Let 2 & 3 year fixed rates will be increasing. Whilst other rates remain unchanged, all products will be withdrawn and replaced as end dates will be extended to 31 January.

Accord will be withdrawing its current BTL product range on Wednesday 7 December at midnight and replacing this with a new BTL range on Thursday 8 December at 9am.

 

Summary Changes:

  • 2 and 3 year fixed rate products  increased by 0.40%
  • End dates on all products extended to 31 January  

 

The following products remain unchanged:

  • 5 Year Fixed
  • 2 Year Tracker

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.

top of the page

26 September 2011 - Accord Buy to Let is now live

Why do business with us? Read on:

  • Competitive rates - we’ll be keeping an eye on the competition to make sure our prices are keen.
  • Rental calculation – our rental calculation compares favourably with other lenders. We require 125% rental coverage and use the product rate or 5.00% whichever is the greater.
  • Online application process – built by industry experts with simple case management and document management systems built in.
  • Dedicated underwriters – only dealing with buy to let business
  • Dedicated broker support - again they only deal with buy to let and work closely with their underwriting colleagues.
  • Initial case review - an underwriter will undertake an initial review of every case, including a free AVM to ensure that issues are found early in the process rather than keeping you waiting – keeps you on top of your business.

Initially, our service is only available for properties in London and the south east – we’re looking to roll it out to the rest of England and Wales later this year.

Please also check that your firm, club or network has access to Accord Buy to Let before registering: visit our registration page.

Take a look around our site for
product
and
criteria information
and to find out how to do business with us.


This site is intended for use in a recent version of Internet Explorer or Mozilla Firefox. Read more...

Information on this site is for use by authorised intermediaries only and should not be relied upon by anyone else.

Accord Mortgages Limited is authorised and regulated by the Financial Services Authority. We are entered in the FSA register and our FSA registration number 305936. Buy to Let Mortgages are not regulated by the Financial Services Authority.

Accord Mortgages Limited is registered in England No: 2139881 Registered Office: 1 Filey Street, Bradford, BD1 5AT. Accord Mortgages is a registered Trade Mark of Accord Mortgages Limited.