Accord mortgages are an intermediary-only mortgage lender of Yorkshire Building Society Group. They are the UK’s second largest mutual building society with assets worth more than £34.5 billion. They have more than 4,300 staff employed in over 231 branches, and almost 100 associated agencies. Other brands within this group include the Chelsea Building Society.
Is a mortgage from Accord suitable for me?
Accord mortgages have some of the most competitive rates on the market for permanent employees and independent professionals, the lender has developed more flexibility towards contractors.
The lender is what is regarded as “contractor-friendly” to those who use any type of umbrella or payroll service.
For a limited company set-up, the lender will request the latest three years limited company trading figures, with the income being assessed via the latest two years, with an average salary and dividend draw being used to define earnings.
CMME recommends you talk to an expert that specialises in contractor mortgages before approaching a lender. They will be able to assess your situation, discuss your position with the lender in advance and ensure everything is correct with the application before submission. This will minimise the risk of an adverse lending decision. You can find out how much you can borrow by using our mortgage calculators.