Accord Mortgages has introduced a new range of products for those who have previously been declined a mortgage.

The intermediary-only lender says the new Cascade Score products have been designed to give an alternative option to brokers 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 says it may now be able to offer brokers an alternative product from the new 85%-90% LTV Cascade range, subject to affordability and lending criteria being met.

Accord Mortgages senior manager for new propositions Nicola Alvarez says: “We know there are a number of potential borrowers who currently don’t meet our high LTV scorecard, but who may meet our standard scorecard, policy and affordability criteria. This change is for them, and I’m so pleased it means that we may be able to lend on cases we’ve previously not been able to.

“Brokers don’t need to do anything differently when submitting a decision in principle – technology will do the heavy lifting – but instead of what would have previously been a decline, some cases will now be automatically cascaded to offer brokers an alternative product range for consideration, potentially giving their clients more opportunities to secure a place they can call home.”