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Accord withdraws prime fixed and tracker rates

Accord Mortgages has today withdrawn all of its prime fixed-rate and tracker products.

It says that a new range of products will be launched on Monday but it is warning brokers that not all previously offered products will be replaced.

The lender says it was forced to withdraw the deals with just 90 minutes notice in order to avoid a spike in applications.

A spokeswoman for the lender says: “In recent weeks we have experienced significant volumes of applications and in order to manage volume and maintain service we’ve had to withdraw the products at short notice.

“We generally give 48 hours but in this case we gave short notice in order to avoid a spike in mortgage applications.”

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