Existing Borrower Transfers

Information for intermediaries, Accord borrowers contact us.

We offer transfer products with selected products from the new business range available to existing borrowers. The products available to your clients depend on their payment history with us. Selected products are also available for existing borrowers that fall into a business category where Accord is not currently lending, e.g. 90% 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.
• The transfer will take place at the product expiry date to avoid early repayment charges.
• Your client must return the signed acceptance within 14 days of receipt of the transfer offer to secure their 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 Any products withdrawn in the 14 day period will therefore not be available if not accepted within this time.
• If you do not request a KFI offer from Accord eight weeks before maturity, we will contact the borrower directly to put appropriate arrangements in place.

Transfer key information

• The mortgage must have been held with us for at least 12 months.
• Any early repayment charges applicable to the existing mortgage product must be paid on completion of the transfer.
• The property must be owner occupied.
• The remaining term of the mortgage must be at least the same as the product term.
• For Prime borrowers, there must be no more than 2 months arrears at the time of applying for a transfer.
• Credit Repair borrowers who have made all their payments on time in the last 24 months will qualify for our Credit Repair Guarantee and are able to select a product from our Prime EBT range.
• For Credit Repair borrowers who do not qualify for a transfer to Prime, Credit Repair transfer products are available.
• All transfers are subject to criteria.

Procuration Fees

• We pay a full new business procuration fee on Prime product transfers where the loan and borrower meet our current new business Prime lending criteria. For example, our current maximum LTV for Prime is 90%, so no procuration fee would be paid for an EBT where the LTV is above this maximum.
• Credit Repair cases transferring to Prime products will attract a procuration fee at the full new business rate for Prime, again as long as the loan and borrower meet our new business Prime lending criteria at the time of applying for the transfer.
• Accord Mortgages does not pay a procuration fee on Credit Repair EBTs.