In This Article
Who are Accord Mortgages?
A subsidiary of one Britain’s biggest building societies, the Yorkshire Building Society, Accord Mortgages offers products to advisors who share its passion for quality and who have a business model which is in accordance with its own.
They only offer their mortgages via mortgage advisors. Therefore, you wouldn’t be able to get a mortgage direct with them.
Yorkshire Building Society offers a comprehensive range of financial services through a network of over 200 branches and agencies across England and the Isle of Man.
Its head office is in Bradford, and its registered office is in Leeds.
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What do Accord Mortgages specialise in?
Accord Residential Mortgages
Accord offers a variety of products to meet the needs of brokers and their clients, including flexible underwriting on their residential mortgages, such as first time buyer, offset mortgages, complex cases, new build, and lending in Scotland.
Accord Buy to Let Mortgages
As well as the residential mortgage products Accord offer, they also offer buy to let mortgages, these BTL loans include higher loan to value lending and helping first-time landlords, portfolio landlords, and landlords looking to Let to Buy.
Accord Mortgages Service
Accord understands the need for speed and service and has invested in new technology to make the application process quicker and easier. They also have dedicated underwriters who will work with mortgage brokers from start to finish.
They offer additional lending for existing customers for home improvements, debt consolidation or non-business purposes.
Are Accord Mortgages rates competitive?
Accord Mortgages aim to offer competitive interest rates and terms on their buy to let and residential products.
However, it’s important to compare all aspects of the loan before deciding, including fees, quality of service, and interest rates.
Accord Mortgages only provides its products via mortgage intermediaries.
Therefore, if you are considering a mortgage with them, speak to a mortgage advisor who can help you compare your options.
Can I remortgage with Accord Mortgages?
Accord Mortgages could offer you a new rate (Product Transfer) if your current mortgage is coming to an end.
It would help if you investigated all the available rates to you as you may be able to get a more competitive rate.
An independent mortgage advisor can advise you on all products available in the market and find the best option for you, which may not be staying with your current lender.
How long does it take to get an offer with Accord Mortgages?
The average time from application to offer for Accord Mortgages is around four weeks. However, this duration may be extended for more complicated deals, for example, due to bad credit, a non-traditional property type, or complex self-employed income.
Accord Mortgages have declined me; what do I do now?
If you have declined a mortgage from Accord Mortgages, a mortgage advisor could still help you by finding a lender willing to give you a mortgage.
Many lenders are willing to help those who do not have a perfect credit report or who have a low score.
However, with the help of a mortgage advisor, you may be able to find a lender who is willing to help you, regardless of your financial situation. For more details about your credit history, you can go to Check My File to sign up for a free trial.
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Conclusion
If you’re looking for a mortgage, Accord Mortgages could be an option. They try to keep their rates competitive on their buy to let and residential products. Their variety of products aims to meet the needs of brokers and their clients, including flexible underwriting for residential complex cases, new build, and lending in Scotland, as well as higher loan to value lending on buy to let, including first-time landlords, portfolio landlords, and landlords looking to Let to Buy.
If you’ve been declined a mortgage from Accord Mortgages, a mortgage advisor could still help you. At I NEED ADVICE, we can match you with a mortgage advisor who can review the whole market and recommend the right mortgage. Complete the contact box below to get started.
They are experienced, which can boost your chances of being approved.
