Accord Mortgages has extended its cascade score lending solution to borrowers with the lowest deposits, following popular demand.

From today, house purchasers and remortgages putting down just 5% can benefit from this range, allowing the lender to consider applications that it may have previously declined. This is subject to the borrower meeting its standard affordability and lending criteria.

The cascade score range was introduced by Accord, which is a subsidiary of Yorkshire Building Society, in April 2022 to offer options to brokers whose clients don’t meet its higher LTV scorecard requirements but do meet its standard scorecard.

The intermediary lender extended the offering to remortgagers last autumn, alongside purchasers. However, the range is not available for new build properties.

When submitting their decision in principle, brokers do not have to do anything different, as the applications are automatically cascaded to offer an alternative product range for consideration where eligible.

Senior manager for new propositions at Accord, Nicola Alvarez, said: “I’m really pleased we’re able to make yet another enhancement to our popular Cascade Score range, by extending it to borrowers needing higher-LTV loans, as the latest example of our ongoing commitment to common-sense lending.

“We continue to listen to feedback from brokers, to add more options for their underserved borrower clients, this time helping first-time buyers in particular to get a footing on the housing ladder.”

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