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Accord reveals sourcing system integrations and new BTL deals

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  • 11/03/2021
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Accord reveals sourcing system integrations and new BTL deals
Accord Mortgages is updating its buy-to-let range with new products, rate cuts and increased cash back.

 

The lender, which is part of Yorkshire Building Society, also revealed details of its integrations with mortgage technology providers to improve application submissions processes for brokers.

Accord has developed application programming interfaces (API) to work with the Iress, Mortgage Brain and Twenty7Tec sourcing and CRM systems allowing brokers to pre-populate client details into its MSO platform.

It launched with L&C Mortgages and is conducting a further pilot with Quilter on the Iress Xplan Mortgage system.

Initially the functionality will be rolled out to the Iress Lender Connect system followed more widely with all three major sourcing systems – the Iress Trigold and Xplan Mortgage, Mortgage Brain and Twenty7Tec – during the first half of this year.

Jeremy Duncombe, managing director at Accord Mortgages, said: “Broker and lender integration has been topical for some time, but the last 12 months have brought this into even more focus.

“We’re always looking for ways to improve our systems and processes to make things easier for brokers and are confident investing in this new technology will help them connect with us more effectively than ever before.

“Our MSO platform together with API connectivity means placing cases with us will be much more efficient, and speeding up the time taken to apply for a decision in principle means brokers will have more time to spend with their clients.”

 

BTL product update

The BTL changes include a range of products at 65 per cent loan to value (LTV) for purchase and remortgage.

These include a pair of deals with a £1,995 fee – the two-year fix is at 1.64 per cent and has £250 cashback, while the five-year option is at 1.96 per cent and has £500 cashback.

New three-year fixed rates for house purchase and remortgage are also being launched, available up to 75 per cent LTV with rates starting from 1.89 per cent.

Rates have also been trimmed on selected products across the range while cashback has been increased to £500 from £250 in some products.

 

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