New 2 and 5 year remortgage products available from Accord.

Accord has introduced two new remortgage products and cut rates on 27 other existing deals.

The rate cuts affect the 90%, 85%, 80% and 75% LTV tiers, which have seen reductions of up to 0.25% from previous rates.

• Their new 2 year remortgage is available at 2.60% + fee + cashback + free legal pack and valuation.
• Their new 5 year remortgage is available at 1.99% + fee + cashback + free legal pack and valuation.

Accord is a lender who works exclusively through broker channels. This means that, very often, mortgage rates and incentive packages are better than on the high street. It also means that, because their processes are entirely paperless, gaining a lending decision is a very quick and can be done while we are online or on the phone with them.

While Accord’s processes may have been simplified, gaining approval in the rest of remortgage market is complex. The rules around lending criteria are constantly changing and despite Accord’s rate cuts, rates in general are predicted to rise. Tightened mortgage criteria are now impacting all borrowers, and this includes remortgaging home-owners.

The fact is even remortgaging home-owners now need help to get the right deal.

It’s no longer the case that remortgaging to a lower rate is as easy as it sounds. While you might think you’re a cert for a cheaper deal because it’ll be more affordable, changes in rules mean even remortgaging home-owners have to jump through hoops before being accepted.

For first-class remortgage advice, contact Deal Direct on 0800 048 8828.