Applies to: Accord residential new business only

Accord are always looking for ways to help brokers help more clients, which is why they’re increasing the max LTV for new build and non-new build flats. This change will help your residential purchase or remortgage clients who have smaller deposits, less equity or for those just looking for a better interest rate.

  • The maximum LTV for new build flats will be 90%
  • The maximum LTV for non-new build flats will be 95%

They are also making the following changes to their residential product range including new products to support the maximum LTV change for flats.

What’s changing?

80% LTV

  • Selected rates reduced by up to 0.05%
  • 2 new 5-year large loan products introduced
  • 4 x house purchase & remortgage products withdrawn and not replaced

85% LTV

  • Selected rates reduced by up to 0.17%
  • 2 new 5-year large loan products introduced
  • 4 x house purchase & remortgage products withdrawn and not replaced

90% LTV

  • 4 x 90% LTV new build products available for flats
  • Selected rates reduced by up to 0.05%

95% LTV

  • Selected rates reduced by up to 0.30%
  • Cashback on selected products increased from £500 to £750

Tracker products (discounted SVR)

  • All trackers will be withdrawn and replaced with new product codes. Only the codes will change, there will be no change to the rates or incentives

What’s staying the same?

  • 75% LTV tier has no changes
  • 74 products in the range are staying the same

When are Accord making the changes?

The new LTV limits for flats will be live from 8am on Wednesday 12th January. The current product range will be withdrawn at 8pm on Tuesday 11th January and the new range will be available from 9am Wednesday 12th January.

Accord take great pride in being a flexible, common sense lender, bringing you new products, easier processes and criteria to fit your client’s needs. So please keep an eye on your inbox, for more exciting new changes from Accord during 2022.