Accord Mortgages - end of fixed rate??

TwelfthMan

Charlton_King wrote: »

Can anyone give a link to the current Accord rates webpage mentioned by MSC1977?

I've looked on their site and can't find it.

There you go......

http://www.accordmortgages.com/documents/ACCM1981_prod_fact.pdf

As you can see, not very competitive.

Charlton_King

Yes, dreadful.

Looks like they want to become a lender of last resort.

Markyt

Charlton_King wrote: »

Yes, dreadful.

Looks like they want to become a lender of last resort.

Their market is near and sub prime. They can have the pick of those, given the current conditions.

Charlton_King

Markyt wrote: »

Their market is near and sub prime. They can have the pick of those, given the current conditions.

A dubious strategy. They'll see themselves being deserted in droves if conditions change.

TwelfthMan

I've heard YBS staff are being told where possible to only book in existing borrowers for appointments for further borrowing. They dont want any new business at present. Would imagine Accord strategy is very similar.

Markyt

Charlton_King wrote: »

A dubious strategy. They'll see themselves being deserted in droves if conditions change.

It has always been their strategy. They are owned by the Yorkshire Building Society, who presumably wanted to seperate their name from sub and near prime customers. Should the situation change, they can pull their horns in with no ill effect.

Markyt

Markyt wrote: »

It has always been their strategy. They are owned by the Yorkshire Building Society, who presumably wanted to seperate their name from sub and near prime customers. Should the situation change, they can pull their horns in with no ill effect.

Also, even if conditions change, there will still be sub prime customers out there. Always. it's a relative measure.