Switching deal

Switch your current Accord mortgage to a new rate

Your home may be repossessed if you do not keep up repayments on your mortgage.

Find your next Accord mortgage deal

If your Accord mortgage deal is coming to an end, it's easy to switch to a new rate with us.

Staying with us means there's no need to apply again for your mortgage, no affordability checks and no legal costs to pay.

  • Secure your new rate up to 90 days before your current one ends.
  • Switch online, over the phone or with your broker.
  • Get free advice from our mortgage experts if you need it.

On our Standard Variable Rate (SVR)? Follow our SVR options guide instead.

Got a buy-to-let mortgage? Find your switching information here.

Couple in garden looking happy

See what rates we can offer you

Log in with your mortgage number to check your current deal and see the new rates available to you.

You'll find your mortgage number on any letter we've sent about your mortgage.

Viewing your deals doesn't commit you to anything. But if you find one you like, you can continue to switch online or call us for advice.

Things to know before choosing a deal

Your new deal will start when your current one ends. You can start it earlier, but you'd need to pay early repayment charges.

Once your new deal is agreed, you would only be able to change it if we introduce a lower rate on the same terms before your deal starts.

Check you're eligible

  • If you have a joint mortgage, you must have permission from the other person to switch deal.
  • You'll need to be up to date with your mortgage payments, or no more than one month behind.
  • You must have had your mortgage for at least a month before switching.
  • The balance of the mortgage you're switching must be more than £3,000.

Thinking of making an overpayment before you switch?

In the final 90 days of your current deal, you can overpay more than your usual allowance without early repayment charges (ERCs). This could help you secure a lower rate. 

Mortgage overpayment information

Ways to switch

If you're comfortable choosing your deal without advice, you can switch online. If you prefer to call or want advice, you can speak to our mortgage team or contact your broker directly.

Switching your mortgage deal is a big decision. Find out if advice would be right for you.

Switch online without advice

Ready to switch? You can select your new deal in just a few minutes online. You won't receive any advice from us.

You can switch online if:
  • You're confident choosing a mortgage deal that meets your needs
  • You have a repayment mortgage, not interest-only
  • You don't want to make any other changes to your mortgage

Speak to our mortgage team

Our expert team can take you through the available deals. You can choose whether or not you'd like our advice on the right deal for you.

You'll need to call us if:
  • You need help understanding your options
  • You want to borrow more
  • You want to change term or repayment type
  • You want to make an overpayment before you switch
  • You have an interest-only mortgage
  • You have a Joint Borrower, Sole Proprietor (JBSP) mortgage
Monday to Friday 9am to 5pm
Saturday 9am to 1pm

Calls to 03 numbers are charged at the same rate as 01 or 02 from all phones.

What happens after you choose your new deal

Once you've chosen and agreed your new deal, we'll send you a letter to confirm when the new rate will start. We'll also confirm your new monthly payments.

If the interest rate drops after you choose your deal

Once you've accepted your new rate, the only time you would be able to change it is if we reduce the interest rate on the exact deal you've chosen, before your new rate starts.
This option is not available if you're switching from our Standard Variable Rate (SVR).
Here's an example of a change you could make:

  • Your chosen deal: 2-year fixed rate at 75% LTV, with £0 fee and 10% overpayment allowance, at 6.99%.

  • Deal you could change to: 2-year fixed rate at 75% LTV, with £0 fee and 10% overpayment allowance, at 6.49%.

You are able to switch to the lower rate as only the interest rate has changed.
You can switch as many times as you like up to two weeks before your deal starts. Keep an eye on our rates, as it's up to you to check for new deals you could change to.
You can ask to change deal using this form.

What happens if you don't switch

If you don't switch to a new deal when your current one ends, you'll move onto our Standard Variable Rate (SVR). Our SVR is currently 6.74%.
  • Your mortgage payments are likely to be higher than they are now.
  • You can make unlimited overpayments.
  • You can pay off your mortgage early without any Early Repayment Charges (ERC).
You might also go onto SVR if you leave it to the last few days of your deal to switch. It takes about a week to process a switch, so you might briefly go onto our SVR before your new rate starts.

Just want to check our latest mortgage rates?

If you're not ready to switch yet, you can still get an idea of our latest rates by using this rate finder.

Just bear in mind some of the rates you see may not be suitable for you.  Log in to see personalised deals instead.

Call us

Chat to our mortgage specialists about your options.
Monday to Friday 9am to 5pm
Saturday 9am to 1pm

Calls to 03 numbers are charged at the same rate as 01 or 02 from all phones.

Worried about your new payments?

Interest rates have risen in recent years. If you're coming to the end of a low-interest deal, your payments might increase when you switch.

If you're worried about affording your new payments, we are here to help.

Worried about rising mortgage costs?

How to switch your mortgage

There are two ways you can apply to switch your mortgage deal with Accord Mortgages:

  • Without advice ('execution only') – online or over the phone.
  • With advice over the phone.

Switching your mortgage deal online without advice

If you apply to switch your mortgage deal online, it is known as an 'execution only' application. It’s designed for those customers who have a good understanding of the mortgage application process and can be confident they will be able to choose a product that’s suitable for their needs.

It does mean that you won't be eligible to receive advice on your mortgage switching application. But if you change your mind and decide you would like some advice once you’ve started your application, you can swap how you apply from online to over the phone.

Please note that if you have previously spoken to us over the phone about this application and decide to proceed with your own choice by applying online, then any advice we have given you will no longer apply.

Before applying to switch your deal online, you must be aware of the following:

  • The product you wish to apply for including the interest rate and its term.
  • Interest rate type e.g. fixed, or variable.
  • The early repayment charges associated with the product.
  • The price or value of the property you are looking to purchase or remortgage.
  • The loan amount you want to borrow.
  • The length of term required.

If you choose a mortgage without advice (execution only)

  • You should be comfortable choosing the right mortgage without our advice.
  • We won’t advise if the mortgage you select is the right choice for your needs, which means that you’ll be giving up the benefits of Financial Conduct Authority protection on mortgage suitability.
  • We will still assess whether you can afford the mortgage.

If you are unsure on any of the above, switching your mortgage deal with advice may be more suitable for you.

Benefits of receiving mortgage advice

A mortgage is likely to be the largest financial commitment you make in your life, therefore you may benefit from speaking to one of our mortgage advisers over the phone.

A mortgage adviser will be able to review your incomings and outgoings and make a suitable mortgage term and product recommendation to suit your individual needs.

An adviser will be able to provide guidance on the following, amongst other points depending on your circumstances and needs:

  • Mortgage term.
  • The interest rate on your chosen mortgage deal vs the product fee you may have to pay for selected deals where the interest rate is lower.
  • The affordability of the loan.
  • If a fixed or variable rate would best suit your circumstances.