"Help to Buy naturally goes hand-in-hand with new-build initiatives, helping first-time buyers and those wishing to move up the ladder."
Its broker-exclusive Help to Buy mortgages are available both 60% and 75% LTV with free standard valuation and £500 cashback.
Rates start at 1.57% for a two-year fixed rate at 60% LTV and at 1.80% up to 75% LTV.
Accord has also introduced a dedicated new build team and a range of new or enhanced initiatives designed to support brokers with new-build cases.
Accord's new build products are available up to 90% LTV on houses and flats, and the lender has introduced a dedicated new build team and a range of new or enhanced initiatives designed to support brokers with new-build cases.
These include increased speed to offer and completion and the introduction of new build helplines to enable brokers to speak directly to specialist new-build underwriters and business development advisors.
Accord initially piloted its new build proposition with select lending partners.
Jeremy Duncombe, director of Accord Mortgages, said: “We’re really pleased to be able to roll out our new build proposition across the intermediary market.
“We understand that the new build market is different, has a number of different challenges and that it requires a dedicated service for brokers.
“We’re committed to meeting these requirements and to look for ways to add value. This might be by providing early certainty on whether we’ll lend on a particular development, or ensuring day one instruction of valuations.
“Help to Buy naturally goes hand-in-hand with new build initiatives, helping first-time buyers and those wishing to move up the ladder.
“The government’s focus on building new homes has seen new developments being built across the country and we believe the options we’ve announced today complement the growth of the UK housing market.
“We’re pleased to be able to offer brokers and their clients a range of new Help to Buy options. We’ll also be continuing to offer remortgage options to borrowers who already have an equity loan from the government and come to the end of their first five years.”
David Hollingworth of London & Country Mortgages added: “The new-build market has some pretty specialist requirements in order to deliver the right package for advisers and their customers. Lenders that understand the needs of brokers and homeowners can really help target the necessary product specification, criteria and service levels.
“Accord has shown a real desire to deliver that with specialist teams dedicated to the new build market and in developing its criteria to better suit customers’ needs, for example being able to offer an extension on the original six month offer period.”
