New dedicated larger loans service will be available for cases worth £1m+
Accord Mortgages has launched a new dedicated larger loans service for brokers working on residential cases worth £1 million or more.
The launch follows the success of a small-scale pilot. Brokers using the service will be automatically allocated a specialist underwriter at Decision-in-Principle (DIP) stage who will stay with them right through to completion of the loan, ensuring bespoke support, continuity and faster decision-making -with direct contact from their designated underwriter within hours of case submission.
The new service will offer a range of borrowing scenarios, including loans up to £5 million at 75% loan-to-value (LTV); up to £2.6m at 85% LTV, and up to £1 million at 90% LTV. It will be available for 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.
A tailored approach and closer collaboration
“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.”
Alistair Ellis, team manager, from London & Country, who have taken part in the pilot, said: “The support provided by the new team is excellent. The underwriters are knowledgeable, approachable, and always demonstrate a genuine willingness to support cases and find solutions wherever possible.”
