Accord Mortgages has confirmed it will return to the 75% and 80% LTV residential mortgage market this week.
The intermediary-only lender had withdrawn the tiers to help manage service levels while working with a reduced number of underwriters, following an outbreak of COVID-19 at Accord’s Lynch Wood site.
The lender will launch its new range on Thursday 11 February, with the range also including reductions on 90% LTV products.
As the deadline passed in December for applications to Homes England for the first Help to Buy Scheme, Accord has also announced it will withdraw the products related to this scheme and will no longer accept applications on this scheme. The lender’s 2021 to 2023 Help to Buy products will continue to be available.
Accord managing director, Jeremy Duncombe, commented: “I’m pleased to say that our colleagues have been able to return to work, and so we will be relaunching our full product range on Thursday 11 February, having also extended end dates, and reviewed pricing and incentives.
“We have continued to accept applications and lend on all other products in the current range, supporting customers and brokers at higher loan to values where choice is more limited, and want to thank brokers for their patience and understanding during this period.”
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