Accord Mortgages Announces Residential New Business Rate Increases from 11 September 2025

Important Update: Accord Residential New Business Product Rate Changes

Accord Mortgages, a leading UK mortgage lender, is set to change its residential new business product range from Thursday 11 September 2025. Borrowers considering an application need to be aware of these imminent changes, as rate increases will impact a range of fixed-rate products. Here’s what UK homeowners and prospective borrowers should know about these updates, how they may affect your options, and what steps to take if you’re considering a mortgage with Accord.

Overview of Rate and Product Changes

From 8am on Thursday 11 September 2025, new rates for Accord’s residential fixed-rate mortgage products will come into effect. The current product range will be withdrawn at 10pm on Wednesday 10 September 2025.

• Two-year fixed rates: Increased by up to 0.09%
• Three-year fixed rates: Increased by up to 0.11%
• Five-year fixed rates (including £5,000 product): Increased by up to 0.04%
• Ten-year fixed rates: Increased by 0.09%

Tracker rates remain unchanged.

View Accord’s current product range

How Will These Changes Affect Borrowers?

With these rate increases, monthly repayments for new applicants may be marginally higher depending on loan size and product choice. Homeowners seeking a fixed rate soon should prioritise applications before the deadline to lock in the current lower rates.

• First-time buyers: May face slightly higher affordability thresholds, especially on fixed-rate deals.
• Remortgage applicants: Urged to submit their applications before the rate increase takes effect to maximise savings over the fixed period.
• Home movers and investors: Should compare the adjusted fixed rates against other market options or consider available tracker rates, which remain unchanged.

Submission Deadline for Current Rates

To secure an existing Accord product before the changes, a full mortgage application must be submitted by 10pm on Wednesday 10 September 2025. If you have not submitted a Decision in Principle (DIP), do so promptly as processing can only occur during regular office hours.

Check Accord Lending Criteria

What Stays the Same?

• Tracker mortgage products: No changes to tracker rates at this update.
• Lending criteria and policy: No other product or criteria alterations have been announced at this time.

Why Consider Accord Mortgages?

• Wide range of residential mortgage products tailored for first-time buyers, movers, and those remortgaging.
• User-friendly online tools — access product finders, affordability calculators, and guidance through the application process.
• Transparent communication — regular advance notice on product and rate changes.
• Competitive criteria suitable for a range of applicants, including specialists such as contractors and the self-employed.

For more information or personalised advice, use Accord’s online chatbot for instant answers or contact our expert brokerage team.

Key Steps if You’re Considering an Accord Mortgage

1. Decide quickly: Submit your full application before 10 September to secure current rates.
2. Review affordability: Use the Accord affordability calculator or consult our advisers for a tailored assessment.
3. Compare options: Evaluate if fixed or tracker products best meet your needs in the context of these new changes.
4. Seek advice: Our expert mortgage advisers are available to help you select and apply for the most suitable Accord product.

Contact Us for Next Steps

Unsure how these changes affect you? Contact our mortgage advisory team for up-to-date information and to ensure you choose and apply for the right deal before the new rates come into effect. Thousands of borrowers rely on our expertise for timely market guidance.

Call us on 02392 006428 or visit our mortgage best buys page for the latest deals.

Frequently Asked Questions (FAQs)

• Who qualifies for Accord’s residential mortgage products?
  Accord Mortgages offers residential products to first-time buyers, home movers, and remortgage clients in the UK, subject to standard lending criteria and affordability assessments. Specialist applicants including contractors are also considered.
• How do these rate changes affect my monthly repayments?
  The fixed-rate increases mean that, for new applicants, monthly repayments on selected products may rise slightly. The exact impact depends on your loan amount and product choice.
• Are tracker rates or lending criteria changing too?
  No, only selected fixed-rate products are affected. Tracker rates and current lending criteria remain unchanged as of this update.
• What should I do if I want to secure a lower rate?
  Submit your full application to Accord before 10pm on 10 September 2025 to lock in the current rates. Prompt action is required due to processing timelines.
• How can I find out if I qualify or get tailored advice?
  Contact our specialist mortgage advisers directly for a quick assessment, or use Accord’s website tools to check product criteria and affordability online.