Trustguard adds Accord to panel

The packager will be accepting applications from its brokers on a range of Accord offerings, including its recently launched credit repair mortgage range and its non-conforming products.

The addition of Accord has brought the number of lenders on the Trustguard panel to 22.

John Pearson, managing director of Trustguard, said: “We’re delighted to be packaging Accord’s credit repair range. These are fantastic products for non-conforming borrowers, which include cashbacks and free valuations. The way it’s handled the relationship with us has been absolutely first class, and we’re looking forward to making its products available to our intermediaries.”

Features of the credit repair range being offered by Accord through Trustguard included either £500 or £250 cashback, and a free valuation up to £500,000.

Accord also calculates income multiples on an individual basis, for example, taking the higher wage on a joint application, rather than combining the two wages, and excluding the lower amount of CCJs if a joint mortgage application is made.

This way, instead of a couple with CCJs of £7,000 and £6,000 having a joint total of £13,000 CCJs, Accord Mortgages will only count the £7,000.

Linda Will, managing director of Accord Mortgages, said: “We have been extremely pleased with the reaction we’ve had from Trustguard to the many unique service propositions in our non-conforming range, including our credit repair guarantee. We look forward to a long and fruitful relationship.”

Mike Fry, director at Halton Insurance Service, said: “The credit repair is good as often, in these situations, a client gets incorrectly labelled, and even if one partner has a CCJ and the other one hasn’t, it will knock them down a bracket. Accord Mortgages is very good and I like it a lot.”