Accord reintroduces 90% LTV products to core range

Accord Mortgages has announced it is reintroducing a selection of 90% LTV products into its core range.
Launching on Wednesday 18 November, in addition to home purchase products for both first-time buyers and home movers, the range will also include remortgage products for the first time since the start of the COVID-19 pandemic.
Following a series of limited releases, the intermediary lender said it is now in a position to introduce eight new 90% LTV products, including a selection of two and five-year products to all purchase and now remortgage customers on a more consistent basis. All products come with a free valuation, plus paid legal fees for remortgages.

“The steps we have taken over the last few months have enabled us to manage volumes whilst maintaining service levels,” commented Accord director of intermediary distribution, Jeremy Duncombe. “We are therefore able to provide these popular products as part of our core range with options for both home purchase and remortgage which are accessible to as many borrowers as possible.
“We will continue to monitor service levels but are confident that the criteria changes and increased resource, combined with the support we have received from brokers, have all helped increase our capacity meaning we can offer 90% LTV products for the foreseeable.
“We remain committed to supporting the housing market and hope that as we go into 2021 more lenders will join us to ensure that advisers have as broad a range of products to offer their clients as possible.”

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