Accord Mortgage

DanG85

Thought I’d share my current experiences as I’ve found reading others helpful.

We reserved a new build back in May but couldn’t proceed at the time as we’re using H2B and the developers did not have an address, however our brokers went about getting an AIP.

We were declined by Halifax and TSB (broker seems to thing it’s my payday loans from 5 years ago, however I suspect it was recent credit application). She got us an AIP with Accord.

Fast forward to July and the addresses came through so got the H2B sorted and then had the full application with accord. Interestingly they wanted proof of deposit that we had already supplied and they wanted a proper statement so when we went to Halifax they wanted to know why, when we told them they got their mortgage advisor to see us and he basically did another AIP and it came back accepted with A1 rating. To say we were all confused was an understatement.

Anyway, full application is already in with Accord as of 05/08 and been advised valuation is booked for 12/08.

Nervously waiting, we don’t have the best history but now both have 999 credit score (although doesn’t mean much) and have £90k joint salary for £358k mortgage 75% LTV.

ACG

I used to avoid Accord like the plague, but they have been really good recently - I dont mean good, I mean real common sense underwriting and not asking for documents just to tick a box.

DanG85

To be fair to them, apart from the standard bank statements and payslips, they only asked for written explanations on two issues which having regards to our circumstances I think were within reason.

DanG85

Received notification from Equifax that Accord have done a ‘hard search’ on 07/08

DanG85

Was getting a little concerned with our broker as they kept asking for documents they already had, so had a little vent on Twitter about the broker not the lender, although did say it was frustrating that you couldn’t actually speak to Accord until you’re a customer.

This morning a lovely woman called from Accord saying that the tweet had been spotted and she wanted to update me personally that all paperwork has been signed off and now just awaiting the valuation happening today.

Overall very impressed with Accord and looks like they’re definitely a lender to consider these days.

julicorn

DanG85 wrote: »

[...]although did say it was frustrating that you couldn’t actually speak to Accord until you’re a customer.[...]

Back when we applied in late 2017, they were available to answer questions over the phone - they initially gave me a call to check whether we wanted to upgrade our survey, and then said I could call them whenever and speak to their customer service team, even though we were still in the application process. I only did that once or twice though, mostly went through our broker. Not sure if that's changed in the meantime, just thought I'd mention it

DanG85

UPDATE

Received mortgage offer last Friday 16th August, was delayed by the valuation as it was the first valuation on a new site but still overall application went in Tuesday 13th so still only 8 working days from start to finish, and not a bad rate considering my not so clean history