A revaluation of your client’s property may be required if they wish to make a change to their existing Accord mortgage such as:
A non-refundable £70 revaluation fee may be payable on Additional Loan applications. Please contact us to check if this will apply.
If a revaluation of your client’s property is required, a non-refundable fee £70 is payable. This fee is payable upfront on request of a revaluation. 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 The revaluation does not reserve any of our mortgage products or interest rates and products can be withdrawn at any time.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 their current mortgage balance.
As some of our residential mortgages are portable, we will pay back any early repayment charge incurred by moving home within the fixed rate period (or within a tracker or discounted period, if applicable). This refund is subject to conditions which are laid out in the original offer document and is dependent on the client borrowing the same amount and on the same deal.