Transfer of Equity

If your client wants to add or remove someone from an Accord mortgage, you need to complete a Transfer of Equity application

There are times when your clients' circumstances change and they may need to change the borrowers on their mortgage. With your help, we make this as straight forward as possible.

 

Customers with accounts beginning 10013 or 10014

Your client should contact us directly on 0345 848 0224.
 

All other account numbers

How does it work?

1

Download and complete the


You can email the documents to applicationsubmissions@ybs.co.uk or send them by post to::
Variations Team, Accord Mortgages, PO Box 1145, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ

Don't forget to send the supporting documentation as mentioned on the form.

2


Once received, we’ll allocate the application to a dedicated underwriter.

Your underwriter will call you to discuss how we can issue a mortgage offer as soon as possible.

They will also give you a direct contact number and email address so they can answer any questions you may have.

Transfer of Equity criteria

  • The last 12 months’ mortgage payments must have been made in full and on time
  • A credit search will be carried out for all applicants
  • Proof of income will be required in the form of payslips and bank statements
  • Proof of identity and residency will also be required for anyone being added to the mortgage
  • Property must be let at the time of variation
  • Maximum LTV of 85%
  • Minimum Age of 18
  • Maximum Age of 84 years and 364 days
  • New borrowers must reside in the UK
  • Borrowers cannot be added to a Consumer BTL account
Your client(s) will need to pay a non-refundable processing fee of £180.
We don’t pay a proc fee for Transfer of Equity cases.

Rental calculator

Use our rental calculator to work out the minimum rent required for a Buy to Let Mortgage. If there’s a shortfall it’ll also confirm if top slicing is available for your client and if so, take you to our surplus income calculator.
 

Please choose from the following options

So we can direct you to the right part of our website, please select from the login options below:

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: