Existing borrowers - transferring products

You can Request an offer online up to 120 days before the product period end date.

You must return the signed acceptance within 14 days of receipt of the offer to secure the product you have chosen. If the offer has not been accepted by day 14, the offer will expire and a new one must be requested. Any products withdrawn in the 14 day period from offer will therefore not be available if not accepted within this time.

The transfer will take place at the product expiry date to avoid early repayment charges, unless specifically requested otherwise.

• Prime mortgages must have been held with us for at least 12 months. Credit Repair mortgages may be eligible after 24 months find out more.
• The property must be owner occupied.
• There must be less than 1 month’s mortgage payments in arrears, up to a maximum amount of £100 at the time of applying for a transfer and completion of transfer. 
  • For transfers from a Prime product, there must be no missed payments in the last 12 months payment history. 
  • For transfers from a Credit Repair product, there must be no missed payments in the last 24 months payment history. 
• Your mortgage account balance must be at least £10,000.
• All transfers are subject to criteria.

If you have a self-certification product and you meet the eligibility criteria above, plus you can now prove your income, then you may apply for a full status product.

If you have a self-certification product and you meet the eligibility criteria above but cannot prove your income, then you may apply for a transfer to a self-certification product, (subject to availability).

• For lending above 75% LTV the following applies:
  • Minimum loan size is £75,000
  • More than one product can be taken to make up the loan provided that the total loan size is at least £75,000
  • The product minimum loan size must be met -see the individual product for details.
• For lending up to 75% LTV the product minimum loan applies.

For Existing Borrower Transfer products this is the amount of the mortgage balance.

The part(s) of your mortgage account being transferred must have a remaining term of at least the same as the new mortgage product term, i.e. a 5 year product can be taken if the remaining term on the part(s) you wish to transfer is 5 years or more.

Your mortgage statement will show whether you are still within an early repayment charge (ERC) period on any part of your mortgage, these charges apply in the event of a Product Transfer. If the ERC period ends within the next 120 days, you can apply for your transfer now but it will not take place until after the ERC period has ended, unless you agree to pay the charge. Any early repayment charges applicable to the existing mortgage product must be paid on completion of the transfer.

Credit Repair borrowers who have made all their payments on time and in full in the last 24 months will be eligible for our Prime Existing Borrower Transfer products when the initial period ends (subject to criteria). Credit Repair Guarantee factsheet

Selected products are available for existing borrowers that fall into a category where Accord is not currently lending to new customers, e.g. 75%+ Loan to Value (LTV).

The product selected must be applicable to your LTV, ie an 85% LTV product cannot be selected if your LTV is 90%+ or vice versa

These are specific to the selected product see Existing Borrower Transfer & Additional Loans Product Guide for more information.

A revaluation is not required for Existing Borrower Transfer products as the LTV is based on the House Price Index figure, and this is used to determine product selection.

If the House Price Index figure is disputed and a revaluation requested then a valuation fee is payable.

Please note that in revaluation cases products can only be chosen once the revaluation has taken place and the new LTV has been determined.

Offset and non-offset products cannot be mixed:
If you have more than one part to your mortgage then all parts must be either Offset products or non Offset products.