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Lending criteria

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Interest only

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Interest only repayment
Repayment methods
Loan and LTV limits

Interest only repayment

For interest only lending, the method of repayment of the loan is assumed to be sale of property at the term end.

The proposed repayment vehicle or repayment strategy must be declared at time of application. 


 

Repayment methods

Interest only or repayment (capital and interest) methods are acceptable but not a combination of both. 


 

Loan and LTV limits

The following table outlines our current loan limits for both Interest only and repayment (capital and interest):

  New build
Borrower type Loan up to £500k £500k - £1m Flats Houses
First time landlords 80% (Excl. unsecured debt consolidation) 75% 75% 75%
Existing landlords 80% (Excl. unsecured debt consolidation) 75% 75% 75%

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NEW BUSINESS - ACCORD MSO

To create an illustration, submit a DIP, upload documents or to track an application for new customers:

ONLINE PRODUCT TRANSFERS

Switch existing Accord clients to a new deal - create an illustration, then apply and accept a product transfer online. (Please note 1001 BTL accounts cannot be processed via the portal.)

Visit: https://www.accordmortgages.com/btl/products/product-transfers