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Lending criteria

Remortages

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Main residence only
Loan size & LTV limits for remortgaging

Min/max loan term
Unacceptable lending purposes for remortgaging

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 & 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.


Unacceptable lending purposes for remortgaging

The following are unacceptable reasons for remortgages:

  • Business capital raising
  • Bridging finance
  • Commercial lending- including Airbnb
  • Non secured lending
  • Lifetime mortgages
  • Equity release 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:

Porting? Additional Lending? No need to log in, please click, Porting or Additional Lending  to follow the correct application steps.

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: