Accord Mortgage changes self-employed mortgage criteria

Published on

Accord Mortgages is cutting the number of years’ evidence required from those who are self-employed from three years to two years.

Nicola Alvarez, corporate account manager, proposition development, said: “We know the UK workforce is evolving and with one in seven people currently self-employed, it was clear we had to update our policies to reflect the changing employment trends and differing types of borrowers.

“At Accord, we’ve always adopted a common sense approach to underwriting and review applications on a case by case basis to ensure income is sustainable and we can lend where it make sense to do so, but with these latest improvements, brokers can be confident in exactly what is required to ensure their cases go through as smoothly as possible.

“Moving from three to two years’ evidence, along with our offering for fixed term and day rate contractors, means we’re now able to support a much broader range of 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

Nadine Coyle and AJ Odudu to headline Sort Ball

Sort Group has announced Nadine Coyle and AJ Odudu as the headline acts for...

Beyond the walk: Mortgage leaders talk mental health – part 14

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...

Spicerhaart and Just Mortgages sponsor Sittingbourne FC

Spicerhaart Part Exchange & Group Clients and Just Mortgages have agreed a sponsorship deal...

The Cambridge backs care leavers fund

The Cambridge Building Society has committed £22,500 over three years to support a new...

Equity Release Group reports 11% rise in case volumes

Equity Release Group has reported an 11.1% year-on-year rise in case volumes for the...

Latest publication

Other news

Q&A: Rob Stanton, Landbay

Mortgage Soup fires the questions at Rob Stanton, sales & distribution director at Landbay. Mortgage...

Nadine Coyle and AJ Odudu to headline Sort Ball

Sort Group has announced Nadine Coyle and AJ Odudu as the headline acts for...

Beyond the walk: Mortgage leaders talk mental health – part 14

The Mortgage Industry Mental Health Charter (MIMHC) began its third annual 144-mile Walk &...