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End of fixed term with Accord - can I move from them..?

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Comments

  • feisty1
    feisty1 Posts: 1,487 Forumite
    Rick62 wrote: »
    I'm confused why you want to move from Accord. But also, as from Monday, from an Accord email: 'The Self cert transfer product will be withdrawn and not replaced. Borrowers with a self certification product who have maintained their payments for the last 24 months now qualify for a full status product'


    "If still unable to verify their income then they can choose to stay on our SVR rate or take the Self-cert Existing Borrower Transfer"

    ........around 5.7%...........
  • Rick62
    Rick62 Posts: 989 Forumite
    What are you trying to say feisty?
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • patchman
    patchman Posts: 101 Forumite
    10 Posts
    feisty your quote from the Accord website is now obsolete in view of todays update
  • feisty1
    feisty1 Posts: 1,487 Forumite
    [quote=patchman;18548561]feisty your quote from the Accord website is now obsolete in view of todays update[/quote]

    what do u mean today's update?
  • patchman
    patchman Posts: 101 Forumite
    10 Posts
    todays update on Accords website: The Self cert transfer product will be withdrawn and not replaced. Borrowers with a self certification product who have maintained their payments for the last 24 months now qualify for a full status product

    your quote above: "If still unable to verify their income then they can choose to stay on our SVR rate or take the Self-cert Existing Borrower Transfer" ( which has now been withdrawn)

    clear as mud......
  • Great news indeed.

    Looks like all of Accord's prompt paying self-cert borrowers, whether on 'credit repair' or not, will now be eligible for one of their prime products.

    I would guess that this move is, precisely to answer the OP's question, designed specifically to keep what they have come to see as proven, decent clients rather than risk their going elsewhere.

    Perhaps the first breezes of the wind of competition are being felt again in the market. It probably would show up in such a place.
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