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Accord Mortgages - extra borrowing
Charlton_King
Posts: 2,071 Forumite
I have been with them for 8 months.
Does anyone know whether this lender will make 'further advances' and if so what rates/conditions may apply?
Does anyone know whether this lender will make 'further advances' and if so what rates/conditions may apply?
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Most mortgage lenders will make further advances and I would imagine that Accord Mortgages are the same.
Ring them and ask them if they will lend and if so, what interest rates they will charge you.
JoeKI am an Independent Financial Adviser.Anything posted on this forum is for discussion purposes only. It should not be considered financial advice. Different people have different needs and what is right for one person may be different for another. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser who can advise you after finding out more about your situation.0 -
If you went through a broker to get your mrotgage from accord I would recommend going back to the broker to see what is and is not possible. no point going through the credit check and application process if its going to fail on affordability or somethingI 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.0 -
Accord should agree a further advance.
They have a seperate range for Further Advances which include a 2 yr fixed at 6.39%, a 3 yr at 6.04, and a 3 year tracker at 5.74% amongst others.
All deals have minimum loan of £3000, carry an arrangement fee of £349 and have early repayment charge.
IIRC you need to have been with them for 6 months so you should be ok. Be aware that some lenders need you to have been a customer for 12 mths before they will look at additional borrowing, Accord may be one.
Hope this helpsI am an IFA (and boss o' t'swings idst)You should note that this site doesn't check my status as an IFA, 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.0
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