Accord Mortgage will withdraw its current residential product transfer and additional loan rates from 8pm today, with a new range available from 8am tomorrow.
In a broker note, the lender said that it was increasing most fixed rate products by 0.2 per cent and three products would see increases between 0.04 per cent and 0.3 per cent from 90 to 100 per cent loan to value (LTV).
Accord Mortgages said its website would have information on the specific changes.
Jane Childs, mortgage manager at Accord, said: “Due to the well published current market volatility, we’ve had to make the difficult decision to increase rates on our residential product transfer and additional loans range.
“We continue to keep a close eye on the market, and only react when absolutely necessary, in order to balance broker service, customer needs and our own financial position.
“We appreciate the market is volatile at present, and whilst not always possible, will endeavour to give brokers at least 24 hours’ notice of any upcoming changes.”
Keystone Property Finance to withdraw rates
Keystone Property Finance will withdraw its current product offering and increase rates from 6pm today.
The new rates and classic 5.5 per cent arrangement fee product will be available from tomorrow.
The lender said that to secure current rates, the full mortgage application and application fee must be submitted by 5.59pm today.
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.
