Accord enhances 90% LTV offering with new products and higher loan sizes

Accord Mortgages is increasing its maximum loan size at 90% LTV to £750,000, alongside making a number of rate reductions to its higher LTV mortgage range and reintroducing 90% lending in Northern Ireland.

Related topics:  Mortgages
Rozi Jones
29th September 2021
Nicola Alvarez, Accord
"Supporting the change in maximum loan size with rate reductions and new discounted SVR options gives brokers a strong and varied range of competitive products"

Previously capped at £600,000, the higher loan size will be available on both house purchase and remortgage products, including new build houses, up to 90% LTV.

Borrowers with a 10% deposit who require up to £750,000 can choose from a selection of rates starting at 2.32%, available for house purchase on a two-year fix, with a £495 fee, £500 cashback and free standard valuation.

The intermediary-only lender will also reduce rates on its higher LTV mortgages and launch a new range of discounted SVR mortgages across all LTVs from 65%.

At 90% LTV, two-year fixed rates now start at 2.22% and five-year fixes from 2.59% with a £495 fee, £500 cashback and free standard valuation.

Accord’s new two-year discounted SVR range is available for both purchase and remortgages, with rates starting from 1.19% at 65% LTV.

Nicola Alvarez, senior manager mortgage propositions at Accord, said: “We’re really pleased to introduce this change and give brokers more opportunities to help their clients with larger loan requirements.

“Supporting the change in maximum loan size with rate reductions and new discounted SVR options gives brokers a strong and varied range of competitive products to better help clients, particularly those requiring higher loan-to-value options. Together with our common-sense lending approach, we’re sure it’ll be welcome news for brokers.”

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