ACCORD CONTINUES TO SUPPORT FIRST-TIME BUYERS WITH ANOTHER 90% LTV LIMITED RELEASE
Brokers with first-time buyer clients will be given another opportunity to secure 90% LTV products as Accord launches its third limited release in a month.
The first-time buyer* house purchase mortgages available exclusively for brokers, go on sale at 9am on Monday 5 October until 8pm on Tuesday 6 October.
- A five-year fixed rate at 3.59% at 90% LTV with £495 product fee and free valuation. Available for loans up to £500,000 (Product code 52364)
- A five-year fixed rate at 3.69% at 90% LTV with £495 product fee and free valuation. Available for loans between £500,001 and £600,000 (Product code 52365)
Please note: At least one applicant must be a first-time buyer. Accord’s definition of a first-time buyer is someone who has never owned a property or held a mortgage before.
Jeremy Duncombe, Accord Mortgages Director of Intermediary Distribution, said:
Once again our teams have worked their magic to ensure we can return to market as quickly as possible and continue providing help to those wanting to make their first purchase.
Our priority continues to be offering brokers the support they have come to expect of us. With the limited releases we’ve found a consistent formula which enables us to offer much-needed products whilst being able to maintain a high level of service.
Is 90% LTV available on new build properties?
No. Lending on new build properties is available up to a maximum of 85% LTV
Is 90% LTV available in Northern Ireland?
No. Lending in Northern Ireland is now available on our full range of residential mortgage products (purchase, remortgage and including New Build) up to 85% LTV. Please note all applications for NI properties will require a physical valuation.
What is Accord’s criteria for the new 90% products?
These products are only available to first-time buyers - at least one applicant must be a first-time buyer. Accord’s definition of a first-time buyer is someone who has never owned a property or held a mortgage before. Otherwise our lending criteria remains the same as for our other residential products.
Are the 90% LTV products limited to house purchases?
No, these products are available to purchase both houses and flats that meet our standard lending criteria.