Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.

Accord Launches Larger Loan Service; Hope Capital Updates Residential Range

Accord Mortgages has introduced a dedicated larger loan service aimed at simplifying and tailoring the application process for residential cases worth £1 million or more. Hope Capital Property Finance has also updated its residential mortgage range, making changes to pricing and operational thresholds.

Accord’s new service follows a small-scale pilot and is designed for residential loans starting at £1 million. Brokers using the service are automatically allocated a specialist underwriter at the decision in principle (DIP) stage, who remains with the broker through to completion. This aims to provide support, continuity, and faster decision making throughout the process.

The service is available for loans up to £5 million at 75% loan to value (LTV), up to £2.6 million at 85% LTV, and up to £1 million at 90% LTV. It covers both purchase and remortgage cases, including new-build properties and Accord Mortgages’ Boost LTI and joint borrower sole proprietor (JBSP) options.

Hope Capital Property Finance has made changes to its residential mortgage range, including a reduction in the standard residential rate at 75% LTV from 0.85% to 0.82%. The lender has also increased the threshold for dual legal representation from £750,000 to £1 million, now applying to cases across England, Wales, and Scotland. These updates apply to Hope Capital’s residential range, including its Dual+ fast-track solution for residential purchases, refinancing, capital raises, and cosmetic light refurbishments.

For UK letting agents and inventory clerks, these changes may impact clients seeking larger residential loans or those requiring fast-track funding solutions, particularly for new-builds or refurbishment projects.