Accord launches new two-day 90% LTV broker exclusives

Accord Mortgages is offering another limited release of 90% LTV products for first-time buyers, exclusively for brokers.

Related topics:  Mortgages
Rozi Jones
18th September 2020
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"Whilst we know a more sustained approach is the ideal, by offering these highly sought-after products for shorter periods, we are confident we can maintain service levels"

The two house purchase mortgages will be available from 9am on Monday 21st September until 8pm on Tuesday 22 September.

Five-year fixed rates start at 3.59% for loans up to £500,000 and 3.69% for loans between £500,001 and £600,000. Both products come with a £495 product fee and free valuation.

Jeremy Duncombe, director of intermediary distribution at Accord Mortgages, said: “Enabling buyers to secure their first home is crucial to market growth during the pandemic and since March we’ve helped more than 4,000 young people take that first step on the property ladder.

“Thanks to our underwriting team working incredibly hard to process the applications and the support we’ve received from brokers submitting well-packaged cases and using our online portal for updates, we’ve been able to manage our capacity and return to this currently underserved market in record time.

“We received really positive broker feedback for the last launch and whilst we know a more sustained approach is the ideal, by offering these highly sought-after products for shorter periods, we are confident we can maintain service levels whilst supporting first-time buyers on a more regular basis.”

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