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Lending criteria
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.
Interest only or repayment (capital and interest) methods are acceptable but not a combination of both.
The following table outlines our current loan limits for both Interest only and repayment (capital and interest):
To create an illustration, submit a DIP, upload documents or to track an application for new customers:
Switch existing Accord clients to a new deal - create an illustration, then apply and accept a product transfer online:
