Accord launches new support service for larger loans

Accord Mortgages has introduced a new dedicated larger loans service, designed to simplify and tailor the application journey for brokers with residential cases worth £1 million or more.

The new service, which has been introduced following a small-scale pilot to test the concept, means that brokers will be automatically allocated a specialist underwriter at DIP stage who will stay with them through to completion of the loan.

The service ensures bespoke support, continuity and faster decision-making - with direct contact from their designated underwriter within hours of case submission.

The new service supports a range of borrowing scenarios, including loans up to £5 million at 75% LTV; up to £2.6m at 85% LTV, and up to £1 million at 90% LTV, and is available for both home purchases and remortgages, including new-build cases and the lender’s Boost LTI and joint borrower sole proprietor (JBSP) options.

Jeremy Duncombe, managing director of Accord Mortgages, said: “Cases involving larger loans are often more complex, potentially involving borrowers with more intricate income structures or financial profiles.

“These require a tailored approach, and closer collaboration between brokers and lenders. Our new service is designed to provide exactly that — combining experienced underwriting with a bespoke customer journey to help brokers place these cases with greater confidence, and whilst we’ve been well respected in the larger loans market for some time, this approach takes our service to the next level.”