Accord Mortgages has improved its Cascade Score range, an alternative option for borrowers who do not meet its higher loan to value (LTV) scorecard, to include remortgage as well as purchase applications.
The product was launched in April this year and was aimed at residential clients looking for an 85 to 90 per cent LTV mortgage that wasn’t new build. It was initially only available for purchase.
Cascade Score works when a broker submits a decision in principle, and where a client may have previously been declined, the mortgage and sales platform with automatically cascade some cases and make the broker aware that their customer could be eligible.
The customer is subject to affordability and lending criteria being met and lending is unavailable for new-build properties.
Nicola Alvarez (pictured), senior manager for new propositions at Accord Mortgages, said: “Cascade Score was really well-received by brokers when we first launched it, so it was only right we continued to explore ways we could improve this range and help even more people.
“I’m really pleased we’re able to extend it to remortgage clients as well as purchase, building on the success of the initial range as part of our continued commitment to common-sense lending.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
