Residential product changes
Residential product changes – Wednesday 31 October
We’re making the following changes to our residential product range at 8am on Wednesday 31 October:
Residential rates going down
- We’re cutting the rates on 2 deals at 95% LTV: product code 48008 by 0.07% and product code 48009 by 0.08%
- We’re also reducing 1 tracker rate product (48056) by 0.05%
Residential rates going up
- We’re increasing all HTB deals in the range. 6 deals will increase by 0.06% and 1 product by 0.07%
- We’re also increasing Product Transfer rates on 10 deals across 65%, 75% and 85% LTVs by between 0.02% and 0.09%
Incentives or fees changing
All house purchase and remortgage fixed rate products at 90% LTV will have an extra £500 cashback added (up to £1000). This includes New Build specific products too.
The current range of products will be withdrawn at 8pm on Tuesday 30 October and the new products will available from 8am on Wednesday 31 October.
To make sure we can provide a great service for you and your client, check the best way to get in touch with us.
Depending on your query, there are a number of channels you can use to access information directly.
Accord Mortgages has enhanced its portability procuration fee, launched new high LTV products for transferring customers and improved its residential portability process making the journey more user-friendly for brokers.
Accord Mortgages has removed all property value restrictions and returned its maximum loan size to £5million for residential and £1million for buy-to-let applications.
We are increasing selected rates at 90% LTV by up to 0.18% (average 0.13%) and withdrawing a 3 year product.
For brokers with clients financially affected by coronavirus (Covid-19), mortgage payment holidays from Accord Mortgages can now be applied for via an online form.
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Following the re-commencement of physical valuations, Accord Mortgages has made a number of significant updates to its lending policies to help support both home buyers and owners.
Accord Mortgages is increasing its maximum loan-to-value (LTV) to 90%..
We've made the decision to bring forward some planned changes to our new and additional Residential lending criteria.
Selected rates will be reduced across the range (75% to 85% LTV) by up to 0.10%. We are also reintroducing cashback at 80% and 85% LTV.
Whilst brokers may be missing the physical presence of their Accord Business Development Manager (BDM) their product expertise and criteria knowledge is still being shared with advisers across the UK, albeit virtually.
All product codes are being refreshed to ensure correct reversionary rates are applied to all new business residential products following the SVR reduction on Sunday 19th April.
We're extending our residential product range and increasing selected rates
To ensure you can continue to support your clients, we wanted to update you on the measures we are taking to ensure we can offer the best possible service in these unique circumstances.
The current range will be withdrawn on Wednesday 11th March at 8pm and replaced at 9am Thursday 12th March with end dates extended to 31st July.
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We’re making the following changes to our residential product range at 8am on Wednesday 31 October
Good news for your clients whose current Accord residential products are about to end.
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We’re making the following changes to our residential product range at 9am on Friday 27 July
our Product Transfer range
We’ve cut rates today on 16 of our Product Transfer deals by up to 0.12%.
Accord’s been busy making the changes you asked for over the past couple of years