"We continue to listen to feedback from brokers, to add more options for their underserved borrower clients"
Accord Mortgages is expanding its Cascade Score lending solution up to 95% LTV for both purchase and remortgage.
The range allows the lender to consider applications it might have previously declined, subject to borrowers meeting its standard affordability and lending criteria.
Accord introduced its Cascade Score range in April 2022 to offer options to brokers whose clients don’t meet its higher LTV scorecard requirements but do meet its standard scorecard.
Accord extended the offering to remortgagers as well as purchasers last autumn. However, the Cascade Score range is not available for new build properties.
Brokers don’t need to do anything differently when submitting their decision in principle, applications are automatically cascaded to offer them an alternative product range for consideration where eligible.
Nicola Alvarez, senior manager for new propositions at Accord, said: “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.”
