Existing borrowers - moving home

All Accord Mortgages products are 'portable' - this means if you are moving home you can keep your Accord mortgage product with the same interest rate and product terms, provided you meet our lending criteria applying at the time.

Before applying, you will need to contact us to request a Key Facts Illustration (KFI).

Once you have received a KFI and decided to proceed, you will need to download and print a portability application form. Complete it as fully as you can. Include all the details of the new property.

Moving home during the Early Repayment Charge period

Read more about flexible payments and Early Repayment Charges >

Where a mortgage is repaid before the end of the Early Repayment Charge period the early repayment charges must be paid. If however, you take out a new mortgage with us and comply with the following, some or all of these charges can be refunded:

• A new mortgage must be taken out with us for the same amount as the existing mortgage and on the same product terms as the existing mortgage. (If a higher amount is required, the additional amount can be taken on another Accord Mortgages product. Please note that offset and non-offset products cannot be combined.)
• If you want to borrow less than your current mortgage, we can refund part of any early repayment charges you may have paid. We will do this as a ratio to the new amount you want to borrow. For example, if the the portable amount of your existing mortgage is £50,000 and you only want to borrow £40,000, we will refund you 80% of the early repayment charges.
• You must complete your new mortgage within 6 months of repaying the existing mortgage. It will also need to complete before the end of the early repayment charge period.
• The property must be in England, Wales, Scotland or Northern Ireland.
• Our normal lending rules must be met.
• You will need to pay any costs connected with the move. This includes valuation fees and any Higher Lending Charge.

How Early Repayment Charges are refunded

We will notify your legal adviser if there is any refund of the early repayment charges. We will deduct the refund from the redemption figure for your existing loan. This will only apply if the sale of your existing property and the purchase of your new property happen at the same time.

If there is any delay between the sale of your existing property and the purchase of your new home, you will have to pay any early repayment charges. You will have to pay these charges as part of the redemption monies for the existing mortgage. We will send you a cheque for any refund of early repayment charges by post shortly after completion of the new mortgage with us.

Borrowing more

You can apply to top up the difference between your existing mortgage and your new loan with one of our current mortgage products. We suggest you discuss your requirements with the broker who originally arranged your mortgage. If this is not possible or, you don't want to, call us and speak to a member of our Existing Customer Team.

Your broker will need to give us details of the extra borrowing you need. If you are not using a broker, you will need to provide this when when completing the portability application form.

Joint borrowers with changing circumstances

If you have a joint mortgage with someone and you are now going your separate ways, you will each be entitled to 50% of any refund of the early repayment charges paid. If you give your written consent, we can change the amount each of you receives.

Contact Details

Send your completed application forms with any supporting documentation and/or fees to: The Existing Customer Team, Accord Mortgage Unit, Yorkshire House, Yorkshire Drive, Bradford BD5 8LJ

For a KFI or to discuss portability, contact the Existing Customer Team.