Accord withdraws all products
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Accord will withdraw all products at 5pm today and relaunch a number of new deals on Monday.
In an email to brokers today, the Yorkshire Building Society owned lender, says: “We apologise for the short notice, this is to help manage our service levels, which as you may know are not currently to our usual high standard.
“New products will be available from Monday March 15 and feature rate cuts of up to 0.65% for fixed rates. Additionally, to improve access to product information, the semi-exclusive range will be published on our website.”
On its semi-exclusive range there will be no replacement of no fee products, and a number of products with incentives will not be replaced.
Products with 1% cashback are also being withdrawn and not replaced.
All remaining fixed rate products will be reduced by up to 0.65% and there will be new three and five-year fixed rate deals at a range of LTVs.
Accord says the full mortgage application should not be started unless brokers receive an accept lending decision.
In the event of a product withdrawal, a full mortgage application must be completed only if an accept lending decision has already been received and the booking fee paid to reserve the product.
