Changing Borrowers | Accord Mortgages
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.
How does it work?
Obtain a Mortgage Illustration by using our simple illustration request form.
You’ll need to do this before you can proceed any further with the application.
We’ll aim to email the Mortgage Illustration to you within 24 hours.
Once you’ve got the Mortgage Illustration, download and complete the
Send it to us at:
Variations Team, Accord Mortgages, PO Box 1145, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ
Don't forget to send the supporting documentation along with the application form.
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
Important things to consider
If the customer purchased their property under the Help to Buy Equity Loan Scheme, evidence of permission from Homes England/Help to Buy (Wales) Ltd is required before submitting a Transfer of Equity application.
Search our range of mortgage deals with our easy-to-use product finder tool.Product finder
Our Affordability Calculator will give you a quick estimate of how much your client could borrow.Affordability 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: