Accord Mortgages has joined the Deposit Unlock scheme, allowing it to offer 95% LTV mortgages on new build properties. The scheme, managed by the Home Builders Federation and insurer Gallagher Re, offers participating lenders insurance against repossession. It provides a maximum borrowing limit of £600,000, with the
Accord Mortgages has launched a series of product transfer mortgages that include up to £250 cashback. They are available on specific products at up to 85% LTV, and include the lender’s 65% LTV two-year fix at 2.85% coming with £100 cashback and the 75% LTV two-year fix at 3.01% and the 85% LTV five-year fix at
Accord Mortgages has lowered the interest coverage ratio (ICR) and interest coverage reference rate (ICRR) for landlords remortgaging where no additional capital is being raised. The new rates are as follows: 125% at a stressed rate of 4.50% for basic and zero rate taxpayers, applicable to all products
Accord Mortgages has introduced a new range of products for those who have previously been declined a mortgage. The intermediary-only lender says the new Cascade Score products have been designed to give an alternative option to brokers whose clients don’t meet Accord’s higher LTV scorecard but do meet its standard