Accord reintroduces products up to 80% LTV

Jake Carter

February 8, 2021

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Accord Mortgages has reintroduced mortgage products at the 75% and 80% loan-to-value (LTV) tiers for residential offerings.

In addition, it has reduced rates on a number of 90% LTV products.

Products which will feature in the new range include a 2-year 75% LTV for remortgage at 1.84%.

This deal includes a £495 product fee, free valuations, remortgage legal service and £250 cashback on completion.

A 5-year 75% LTV at 1.87% for house purchase, with a £495 product fee, £500 cashback on completion and a free valuation, is also available.

In addition, the 2-year 90% LTV is now set at 3.78% for house purchase, with no product fee, £750 cashback on completion and a free valuation.

The intermediary-only lender withdrew the tiers to help manage service levels while working with a reduced number of underwriters.

The reintroduced products will be available from Thursday, 11 February.

Jeremy Duncombe, managing director at Accord Mortgages, said: “I’m pleased to say that our colleagues have been able to return to work, and so we will be re-launching our full product range on Thursday 11 February, having also extended end dates, and reviewed pricing and incentives.

“We have continued to accept applications and lend on all other products in the current range, supporting customers and brokers at higher loan to values where choice is more limited, and want to thank brokers for their patience and understanding during this period.”

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