Existing customer fees & charges
A revaluation of your client’s property may be required if they wish to make a change to their existing Accord BTL mortgage such as:
Existing Borrower Transfer
If a re-valuation of your client’s property is required, a non-refundable fee £70 is payable. This fee is payable upfront on request of a re-valuation. This can be paid by credit/debit card over the phone.
A revaluation can be requested to estimate the current LTV if your client believes that the current value of the property is different to our estimation. The revaluation does not reserve any of our mortgage products or interest rates and products can be withdrawn at any time.
Early Repayment Charges
If your client decides to repay their mortgage early or they want to switch to a new deal (an Existing Borrower Transfer), there is usually a charge applied. This is normally shown as a percentage of your current mortgage balance.