Finding a broker for Accord Mortgages
If Accord Mortgages are the lender you would like to go to for your mortgage, but you have found you can’t go to them directly or you already have an Accord mortgage and you need to review your options, Alexander Southwell can help and we are completely fee free.
Accord Mortgages do not have mortgage advisors of their own, which means that you will have to go through an intermediary (a mortgage broker) to access their products which we at Alexander Southwell are able to do on your behalf.
What to know about intermediary only lenders
When searching for a mortgage, whether residential, buy to let or you wish to transfer an existing mortgage product, going through a mortgage broker can give you access to lenders and rates you will not find on the high street.
Accord mortgages mortgage advice is what many people struggle to find.
If there are lenders other than Accord Mortgages that you are interested in who require you to go through a broker, our experts will be happy to help to give you more of an idea of what is on offer and allow you to make the right decision.
Alexander Southwell Mortgage Services can provide direct access to mortgage rates with Accord, among other lenders.
Our brokers have been through the process with hundreds of existing Accord mortgage customers, meaning they can advise you on any errors or missing information on your mortgage application, which could lead to delays or rejections.
Why should I hire a mortgage broker?
When searching for a mortgage by yourself, you will only have access to a select number of lenders, who may have higher than usual rates or require certain you to meet certain financial criteria before accepting an application. Furthermore, you run the risk of making a mistake or potentially leaving out critical information on your application, which can lead to it getting delayed or rejected.
Finding you the best deal with Accord Mortgages:
Our advisers at Alexander Southwell compare a number of different criteria, including interest rates, mortgage fees and your eligibility to find the best deal for you as quickly as possible.
Aside from having years of experience in negotiating the best deals for customers, going through a mortgage broker has a number of advantages.
Mortgage brokers can often find you the best interest rates, whereas if you search by yourself you may overlook a certain bank, or be convinced to take on a higher rate.
Finding the best product for your circumstances:
Secondly, whether you are looking for a buy to let mortgage or are new to the market, each customer’s situation is unique. Different companies have different lending criteria, such as how much of a deposit is required, your income and your financial expenditure.
A mortgage broker will be able to find the most suitable lender for your situation, and in the case of Accord Mortgages, may be able to negotiate the lending criteria to fit your needs.
Minimising mortgage fees:
Finally, when deciding on a product with Accord Mortgages, there will be fees you need to consider. These can include early product fees and valuation fees, among others, which can range from £0 – £1,845. A mortgage broker can give you a comprehensive list of the fees from the outset that will be required for your chosen Accord Mortgages product, or fees required by other lenders.
All of these are advantages of having a mortgage broker on your side, which will enable to to make the right decision for you, and if you decide to go forward with Accord Mortgages our brokers will help you start the process.
Why can’t I go to Accord Mortgages directly?
Although many lenders offer customers the options to deal with them directly, Accord Mortgages are one of the select lenders who chooses to go through independent mortgage advisors and brokers in order to explain their full range of financing options and decide on the best terms for you.
Although this may seem like an unnecessary extra step in the process, this can actually give you access to better deals and save you time trying to figure out which option best fits you.
Who are Accord Mortgages?
Accord Mortgages launched in 2003 as a lender from the Yorkshire Building Society, and are only available through approved mortgage brokers.
They offer a range of mortgage products including:
- Fixed rate mortgages
- Tracker mortgages
- Offset Mortgages
- 100% Mortgages for professionals
For more information on what products best suits your circumstances, click here for our expert article.
Accord Mortgages Facts
Accord have a great range of mortgage products and you do not have to take out a current account or credit card in order to have a mortgage with them. They can offer up to 4.5 times your annual salary, or more for higher earning customers.
Their product range options include New Build, Help to Buy, Interest only, Offset and Buy to Let mortgages. They also offer product transfers for existing customers.
Accord Mortgages offer certain specialist products for people who don’t have strong credit, and those with higher salaries to borrow higher income multiples. They also offer up to 95% LTV up to £600,000, and allow you to overpay up to a maximum of 10%.
They are authorised and regulated by the financial conduct authority like most businesses in the financial services industry.
When should I contact an Accord Mortgages broker?
As a general rule, as soon as you are considering taking out a new mortgage or transferring an existing one, you should contact a broker.
This will give you plenty of time to explore all the mortgage options that are available, whether or not you decide on Accord Mortgages, and make the correct decision after reviewing all the information.
Even if you think it may be too late to find a good deal for you, reaching out to our brokers can ensure you have all the options laid out before you.
What are my options as a new Accord Mortgages customer?
Accord Mortgages offer new customers a range of both fixed rate and variable mortgage products covering both residential and buy to let properties. For new customers, they offer mortgages for first-time buyers, movers and deals for remortgaging.
Using our relationship with Accord Mortgages, we can help to find you the best rate for your situation and negotiate on your behalf.
What are my options if I am already an existing Accord Mortgages customer?
If you are already a customer of Accord Mortgages, it could be in your best financial interest to stick with them. However, once again, independent mortgage advisors will be able to tell you whether this is the best option for you.
Access to a diverse range of products:
Accord Mortgages offer product transfers for existing customers, for example if you would like to extend your current mortgage term, provided your current mortgage is not subject to any early repayment charges.
Accord offer a range of products specifically for their existing customers, including the option to borrow more on top of your existing mortgage, however this is currently not available for Buy to Let customers. You can borrow up to 85% of the property’s value and spread the payments over a monthly period or a total number of years.
Moving house as an existing Accord Mortgages customer
In certain circumstances, Accord Mortgages also offer the option for ‘portable’ products, meaning if you move house, you can take your existing mortgage with you without any additional charges. However, it is a good idea to speak to a broker if you think this is a service you may want to utilise in the future.
We recommend you speaking to one of our brokers as soon as you are considering making changes to an existing Accord product, as being eligible for extra borrowing or transfers can rely heavily on the current terms of your mortgage contract.
You also might wish to consider different remortgage options, and your adviser can check out new products across the intermediaries market.
Contacting Accord Mortgages
You can contact Accord, their phone number is 0345 1200 891 if you’re an existing customer and want to:
- change your mortgage deal
- borrow more
- move home; or
- add or remove someone from your mortgage.
Alternatively, you can call 0345 1200 872 if you’re an existing customer and want to discusss your products or services and have a query about:
- offset mortgages
- your direct debit
- your payment or changes to your repayment; or
Its website for existing customers is accordmortgages.com/existing-customers.
Alexander Southwell Mortgage Advisors are here to help.
As mortgage advisors, we specialise in finding the best mortgage rates and giving the best mortgage advice across the market, and have a wealth of experience in negotiating and finding deals with Accord Mortgages as well as other lenders.
We will compare a range of lenders to figure out the best deal for your situation, and decide whether Accord Mortgages mortgages is a good fit.
If you decide that you would like to apply for a mortgage with Accord Mortgages, our brokers will be with you every step of the way and see your mortgage application through to completion.