Related topic: accord mortgages

Residential rates are reducing at lower LTVs but increasing at 95% LTV.

Accord has also reduced the minimum income for top slicing for experienced landlords.

The lender has announced a series of criteria changes to support first-time buyers.

The lender has launched a sub-4% remortgage rate at 75% LTV.

Reductions include the new first-time buyer exclusive product range, as well as the lender’s 5K Deposit Mortgage.

The new range includes new options exclusively for first-time buyers offering £500 cashback.

ICRRs for five-year or longer remortgage products have been reduced to 4.75% or product rate plus 0.35%

The reductions also include the lender’s £5K Deposit Mortgage.

Accord will now accept Universal Credit as a source of income when assessing affordability.

The biggest reductions are to two-year fixed rates, with other products in the range seeing increases of up to 0.17%.