The products are only available for a limited time and have been released after recent falls in fixed rate funding.
With one simple fixed rate at each adversity level, whatever the laon-to-value (LTV), these products offer a choice for intermediaries. Product fees for all the products are £1,495. Two-year fixed rates are available from near prime to unlimited with full status and selfcert options:
• 5.75 per cent full status, near prime (up to 90 per cent LTV)
• 6.00 per cent self cert, near prime (up to 85 per cent LTV)
There's also a five-year fixed rate available from near prime to unlimited with enhanced income multiples (full status only). Rates are from 5.95 per cent and borrowers can get up to 5x income (dependent on income and adversity level).
Cate Hillis, Accord's head of product development, commented: "The products have a higher arrangement fee than usual for Accord, but this means we're able to offer great rates and the fee can be added to the loan. Along with Accord's HLC free policy for credit repair, this makes these products a fantastic choice for intermediaries whose clients are looking to keep their monthly repayments low."
