Accord cuts down on ID red tape

Published on

Accord Mortgages has scrapped the requirement for copies of identification documents to be certified as part of the mortgage application process.

The intermediary-only lender has confirmed it will now accept photocopies of identification documents, such as passports and driving licences, without an endorsement that it is a true copy of the original.

Accord says the change will make uploading documents quicker and lead to an improved application experience.

These improvements have been made across Yorkshire Building Society Group, of which Accord Mortgages is part of, with the exception of documents relating to Power of Attorney or bereavement which still require certified copies or originals to be supplied.

Jeremy Duncombe, director of Accord Mortgages, said: “We understand and appreciate how important time is to brokers and their customers so constantly review our processes to make them more efficient.

“Removing the requirement for borrowers to supply certified documents, at the same time as ensuring other risk controls we have in place give us certainty over applicants’ identity, addresses a known pain point and makes the application quicker and smoother for everyone.

“We’re pleased to now be one of few lenders able to offer this and believe it shows our commitment to do everything we can to help brokers and their customers.”

 

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Alternative strategies for buying in high-growth property areas

For first-time buyers a Lifetime ISA can be a useful way to build a...

Employers struggle to engage staff with financial wellbeing support

Only 12% of employees have used financial wellbeing support provided by their employer, despite...

Defaqto extends Matrix 360 to protection and wealth providers

Defaqto has broadened its Matrix 360 market intelligence platform to cover wealth management and...

Marshall and Cooke join Mortgage’s Got Talent judging panel

Mortgage’s Got Talent has added two more industry names to its judging panel, with...

Jane Benjamin to lead Crystal’s specialist finance network and club

Crystal Specialist Finance has appointed Jane Benjamin as managing director of its Network and...

Latest publication

Other news

The two-year fix isn’t advice. It’s a diary entry

5.98%. That was the average two-year fix on 5 October, according to Moneyfacts, the...

Alternative strategies for buying in high-growth property areas

For first-time buyers a Lifetime ISA can be a useful way to build a...

Employers struggle to engage staff with financial wellbeing support

Only 12% of employees have used financial wellbeing support provided by their employer, despite...