Who are accord?

stingray2

I posted a while ago about the house we are buying,

the owners are in negative equity and need to get a loan to cover the defecit before they are allowed to sell.

I have found out today the company they are dealing with are accord? We have been waiting 3 weeks to find out if they have got this loan, what kind of company is accord and why is it taking so long? we only have 4 weeks untill our mortgage offer expires?

can anyone shed any light?

_Andy_

Part of YBS

[Deleted User]

Accord's website is here:
http://www.accordmortgages.com/index.html

They're a subsidiary of Yorkshire Building Society, a broker-only mortgage provider who deal largely with sub-prime mortgage borrowing (eg high LTV, poor credit history etc) but they do have some 'prime' products too.

They might already have a mortgage with them to be considering going to them for this type of loan.

Average time to standard mortgage offers is within 8 days, average time for 'other cases' (which this may be) is 18 days... so it might be time to start chasing.

stingray2

Thanks I did go on the website and saw the 18 days thing... we've been waiting since last tuesday officially so I'm ok with 18 days. I'm just worried as the couple can't sell unless they get this loan and this may mean we lose money. I can't belive they are able to ut it on the market if they aren't 100% they can sell it!!!!

Does anyone know if RBS would extend our 3 months?