The lender began piloting the scheme last year, where it pays a fee of 0.3%. It said that it has decided to extend the pilot to a limited number of additional partners in order to “road test” it ahead of a possible rollout to the full broker market.
David Robinson, national intermediary sales manager, said Accord recognised the effort brokers make to get their clients the right remortgage deal.
He continued: “We have decided to extend our pilot to coincide with a significant maturity period coming up which will give us a great opportunity to fine-tune this new initiative and ensure it is fully robust before we make a decision to offer it market-wide.”
Alongside the proc fee pilot extension, Accord has cut rates on lower loan-to-value buy-to-let mortgages by up to 0.30%. Rates include a two-year fixed rate at 1.83% for borrowers with a 40% deposit.