"I’m really pleased we’re able to extend it to remortgage clients as well as purchase, building on the success of the initial range"
Accord Mortgages has expanded its 'Cascade Score' mortgage range to remortgage clients, as well as purchase.
The Cascade Score range was introduced in April this year to give an alternative option to advisers whose clients don’t meet Accord’s higher LTV scorecard but do meet its standard scorecard.
For cases that would previously have been declined by the lender, Accord may now be able to offer brokers the alternative product, subject to affordability and lending criteria being met. The Cascade Score range is unavailable for new build properties.
The lender says brokers don’t need to do anything differently when submitting a decision in principle, but instead of what would have previously been a decline, where applicable, some cases will now automatically be cascaded to offer brokers the range.
Nicola Alvarez, senior manager for new propositions at Accord Mortgages, said: “Cascade Score was really well-received by brokers when we first launched it, so it was only right we continued to explore ways we could improve this range and help even more people.
“I’m really pleased we’re able to extend it to remortgage clients as well as purchase, building on the success of the initial range as part of our continued commitment to common-sense lending.”
