Accord increases loan size at higher LTVs*
Accord Mortgages is increasing its maximum loan size to £2million on new lending and additional lending between 80% and 85% loan-to-value (LTV)*.
Previously capped at £1million, the new products, available from 8am Wednesday 29th July, are available for both house purchases and remortgages and come with a £995 fee, £500 cash back and free valuation.
For house purchases:
- Two-year fixed rate at 2.33% at 80% LTV
- Two-year fixed rate at 2.75% at 85% LTV
- Two-year fixed rate at 2.31% at 80% LTV
- Two-year fixed rate at 2.70% at 85% LTV
Nicola Alvarez, Corporate Account Manager – Propositions, said:
Borrowers have very few options when looking for larger loan products in this LTV bracket. We’ve therefore increased our maximum loan size to offer brokers more choice when advising high income clients looking to purchase or re-mortgage a high value property at a higher LTV.
Accord remains committed to supporting the market and we hope these latest changes, alongside our common sense lending approach, will help us ensure we can offer a broad range of competitive products with the service brokers expect from us.
*Does not include new builds which will remain at £1m within this LTV bracket