Remortgages criteria
Lending criteria
Remortages
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Main residence only
We only accept applications for the purchase or re-mortgage of an applicant's main residence on a residential basis.
Portability/additional lending/transfer of equity applications must be secured on your client's main residence.
Mortgage loans for the following purchases are not accepted:
- Pied-a-terre/town house
- Purchase for dependant relative
- Holiday home.
For BTL properties please refer to our Buy to Let website.
Loan size and LTV limits for remortgaging
| Property type | Min/max loan size | Max LTV |
|---|---|---|
| House/flat | £30k - £5m | 75% |
| House/flat | £50k - £2m | 85% |
| House/flat | £50k - £750k | 90% |
| House/Flat (excl. Northern Ireland) | £50k - £600k | 95% |
Remortgages for debt consolidation have the following additional limits:
- 85% LTV for customers able to meet our higher credit score requirement (maximum consolidation of £50,000 unsecured debt or 10 debts)
- 80% LTV for customers who meet our standard credit score requirement (maximum consolidation of £50,000 unsecured debt or 10 debts)
Where the applicant chooses to add the product fee to the mortgage at completion, we will not include this in the LTV calculation.
Please note the debt consolidation restriction does not apply to staircasing/paying off HTB or shared equity.
Min/max loan term
- The maximum loan term is 40 years
- The minimum loan term is 5 years
- The percentage of the mortgage term occurring after age 70 must be less than 25% of the overall mortgage term.
This applies to new business and remortgaging
For product transfers, first check the term remaining on the mortgage. Make sure it qualifies for the products available and the terms allowed on those products.
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: