Accord Mortgages has widened its Cascade Score range of mortgages, which it says allows the firm to reach more underserved borrowers.
The intermediary-only lender will now offer the range to brokers for remortgage clients, as well as home loan purchases.
The Cascade Score range was introduced in April to give an alternative option to advisers whose clients don’t meet Accord’s higher loan-to-value scorecard, but do meet its standard scorecard.
The business says: “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 does not apply to new build properties.
Accord Mortgages senior manager for new propositions Nicola Alvarez says: “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.”
The lender says brokers do not need to do anything differently when submitting a decision in principle. It says circumstances that would have previously been declined, “where applicable, [in] some cases will now automatically be cascaded to offer brokers the range”.
