Accord Mortgages is extending its ‘Cascade Score’ range up to 95% LTV.
It means that, from today, buyers and remortgagers putting down a 5% deposit will be able to benefit from the changes.
The lender says this will allow it to consider applications it might have previously declined.
It introduced its Cascade Score range in April 2022 to offer options to brokers whose clients don’t meet its higher loan-to-value (LTV) scorecard.
Accord’s senior manager, new propositions, Nicola Alvarez says positive feedback from brokers prompted the move to extend its availability.
She says: “I’m really pleased we’re able to make yet another enhancement to our popular Cascade Score range, by extending it to borrowers needing higher-LTV loans, as the latest example of our ongoing commitment to common-sense lending.
“We continue to listen to feedback from brokers, to add more options for their underserved borrower clients, this time helping first-time buyers in particular to get a footing on the housing ladder.”
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