Existing Borrower Transfers

Information for intermediaries, Existing Accord borrowers read more here.

We are now working with selected lending partners, please refer to your network to check if you are registered to do business with us.

The products available to your clients depend on their payment history with us.

Credit Repair clients may be eligible for a Prime Product transfer find out more.

Selected products are also available for existing borrowers that fall into a business category where Accord is not currently lending, e.g. 85% LTV+. Check our guides for more information.

Our transfer process is straightforward

Find out your clients' mortgage balance any time - just log in and input the account number.
Then simply make a note of the balance and proceed to KFI.
Once you're ready to proceed, fill in our simple form to request a transfer offer.

When transfers can be submitted	You can submit a Transfer Request form up to 120 days before the product period end date. If your client has not accepted a KFI offer from Accord seven weeks before maturity, we may contact the borrower directly to put appropriate arrangements in place.
Accepting the offer	Your client/s must return the signed acceptance within 14 days from the date the offer is issued to secure the product. 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 Any products withdrawn in the 14 day period from offer will therefore not be available if not accepted within this time.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.
Procuration fee	Accord no longer pays procuration fees on Existing Borrower Transfer products. Read more about this decision.
Eligibility	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 no more than 2 months arrears at the time of applying for a transfer and completion of transfer. Additionally: For transfers from a Prime product, there must be no late/missed mortgage payments in the last 12 months AND no more than 2 missed payments at the time of application and completion. For transfers from a Credit Repair product, there must be no late/missed payments in the last 24 months AND no more than 2 missed payments at the time of application and completion. The balance on your client's mortgage account must be at least £10,000. All transfers are subject to criteria.
Self Certification	If your client has a self-certification product and meets the eligibility criteria above, plus they can now prove their income, then they may apply for a full status product. If your client has a self-certification product and meets the eligibility criteria above but cannot prove their income, then they may apply for a transfer to a self-certification product, (subject to availability).
Minimum Loan	£10,000
Maximum Loan	For Existing Borrower Transfer products this is the amount of the mortgage balance.
Term	The part(s) of your client's 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) your client wishes to transfer is 5 years or more.
Early Repayment Charges	Your client’s mortgage statement will show whether they are still within an early repayment charge (ERC) period on any part of their 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 a transfer on behalf of your client now but it will not take place until after the ERC period has ended, unless your client agrees to pay the charge. Any early repayment charges applicable to the existing mortgage product must be paid on completion of the transfer.
Credit Repair Guarantee	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 client factsheet
LTV Product Selection	The product selected must be applicable to the borrowers LTV, ie a 90%+ product cannot be selected for a client with 85% LTV or vice versa.
Product Fees	Specific to product, see the Existing Borrower Transfer & Additional Loans Product Guide.
Valuation Fees	A revaluation is not required for Existing Borrower Transfer products as the LTV based on the House Price Index figure is used to determine product selection. If the House Price Index figure is disputed and your client requires a revaluation 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 / non-offset	Offset and non-offset products cannot be mixed: If your client has more than one part to their mortgage then all parts must be either Offset products or non Offset products.