Accord Mortgages Rate Increase: What UK Borrowers Need to Know – September 2025 Update

Accord Mortgages has announced an important update to its residential product transfer and additional loan ranges, affecting existing customers across the UK.

Effective from Friday, 19 September 2025, both fixed and tracker mortgage rates are set to increase. For current and prospective borrowers considering product switching or further advances, understanding these changes is crucial for managing your next mortgage steps and monthly costs.

What’s Changing with Accord Mortgages?

Accord Mortgages, a well-regarded UK lender, is making the following adjustments to its residential product transfer and additional loan mortgage ranges:

• 2-year fixed/tracker rates: Increasing by up to 0.06%, up to a maximum loan-to-value (LTV) of 85%.
• 3-year fixed/tracker rates: Increasing by up to 0.10%, up to a maximum LTV of 80%.
• 5-year fixed/tracker rates: Increasing by 0.06%, up to a maximum LTV of 80%.
• End dates for new products: Extended to 31 January.

Important Deadline: The current rates will be withdrawn at 8pm on Thursday, 18 September. The updated range launches at 8am on Friday, 19 September.

Who is Affected and Who Benefits?

These changes primarily impact existing customers seeking to:

• Switch onto a new Accord product at the end of their current deal (“product transfer”).
• Borrow additional funds, such as for home improvements or debt consolidation (“additional loan”).

Customers planning to secure a new rate should act swiftly before the deadline to avoid paying higher interest.

Is Now a Good Time to Switch Products?

Given that rates are rising, borrowers who act before the deadline may still secure today’s lower rates. Switching early locks in your rate and protects against future increases – a smart move amid ongoing market volatility.

Additional Information and Unique Features

Accord Mortgages remains committed to customer support and stability:

• FCA-regulated and a signatory to the Mortgage Charter, offering additional protections for struggling borrowers.
• User-friendly product switch process – make changes online up to 14 days prior to your product end date.
• Affordability tools and dedicated helplines to guide customers through complex or challenging situations.

For new and existing borrowers, Accord’s website also offers a Product Finder and Criteria Checker for quick eligibility checks.

Why Choose Accord Mortgages?

• Specialist in product transfers and additional borrowing: Flexible solutions for those remortgaging or raising capital.
• Transparent borrower support: Clear processes and help for customers in difficulty, thanks to Mortgage Charter membership.
• Trusted, FCA-regulated lender: Providing peace of mind for residential borrowers across the UK.
• Range of fixed and tracker options: Find the best fit for your needs, whether you prefer a stable fixed rate or the potential benefits of a tracker product.

Don’t Miss Out: Take Action Today

If you’re an existing Accord customer or considering a product transfer or additional loan, act now to secure your mortgage before rates increase. Our expert advisers can provide personalised guidance and ensure you take full advantage of the current offers.

Call our fully qualified team on 02392 006428 today for tailored support.

FAQs: Accord Mortgages Product Changes – September 2025

• Who can apply for an Accord product transfer or additional loan?
  Existing Accord residential mortgage customers whose current deal is ending or who require additional borrowing can apply, subject to eligibility checks.
• How could these rate changes affect my monthly repayments?
  Higher rates mean your future monthly payments may increase. Use Accord’s online calculators or speak to our advisers for tailored estimates.
• What’s the cut-off date to secure a current product before rates rise?
  Submit your application by 8pm on Thursday, 18 September 2025 to secure today’s rates before the increases take effect.
• Does Accord offer help for borrowers in financial difficulty?
  Yes. As a Mortgage Charter member, Accord provides additional support and flexibility for customers facing hardship.
• How do I apply or find out if I qualify for a product transfer?
  Contact our team directly for a review of your circumstances, or visit the Accord Mortgages website for eligibility tools and more information.