November's edition of All Aboard Accord
Welcome to this month's All Aboard Accord, packed full of criteria, updates, important news and great Growth Series content.
Save valuable time on our improved website
Our website has been improved to make it easier for you to self-serve and find the information you need, including our new product finder to help you easily find and sort products according to your client’s needs? – saving you valuable time.
Don’t just take our word for it. Listen as Dave MacLennan of Mortgage Advice Brokerage Ltd explains what makes this a great experience.
More options for applicants without indefinite leave to remain
Great news! As part of our commitment to common sense lending, we’ve enhanced our criteria for applicants without indefinite leave to remain (commonly referred to as foreign national criteria).
The maximum LTV on joint applications has increased to 95% where one applicant has indefinite leave to remain or is a British citizen.
This is a positive change helping you provide more options to first time buyers, those looking to move up the property ladder or remortgage.
?ERC Free Trackers ?
We have recently launched a range of ERC free tracker products in our residential new business range to help you help clients with the current volatile interest rate environment. With tracker options at 75% & 85% LTV, starting from 0.54% + BOE (Bank of England base rate) with no ERCs (Early Repayment Charges).
Clients taking out one of these products would have the flexibility to switch their product without incurring penalties should they wish, while benefiting from a competitive interest rate in the short term.
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Offset Mortgages
With the increase in interest rates and rising mortgage payments, Accord’s range of Offset mortgage products could give your clients the best of both worlds to:
And your client can switch between these options if their circumstances change.
Disclosure of Authority
To provide you and your clients with the best service possible and ensure that we can discuss their account details, brokers must have Disclosure of Authority on the account.?
Our Disclosure of Authority form can be downloaded below.
The Accord Growth Series
The Accord Growth Series is designed to help you to grow your business, sign up for free here.?
Latest Content
Maybe you have a great idea or want to be part of the Growth Series? Get involved with the Growth Series community here, we'd really love to have you on board with us.