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Accord revises EU nationals’ lending policy

by Kevin Rose
15 February 2021
Should we stay or should we go?
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Accord Mortgages is updating its lending criteria for mortgage applicants from the European Union (EU), European Economic Area (EEA) and Switzerland following Brexit.

Following the end of the Brexit transition period, from Wednesday 17 February 2021 any EU, EEA or Swiss nationals (not including Irish (ROI) nationals) applying for a mortgage with the lender will need to evidence their residency status.

Settled or Pre-Settled status from the EU settlement scheme will be accepted by Accord, with applicants required to provide their Government website share code to evidence their residency status.

Accord has also confirmed there will be no loan to value (LTV) restrictions applied to borrowers with both Settled and Pre-Settled status. These changes apply to Accord’s residential and buy-to-let criteria.

EU, EEA or Swiss nationals without an EU settlement status can still apply for a mortgage with Accord, and will be considered under the lender’s existing criteria for those without permanent right to reside.

Nicola Alvarez, corporate account manager at Accord Mortgages, said: “We continue to support brokers placing cases for EU, EEA and Swiss nationals, applying our common sense approach to lending.”

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© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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  • MORTGAGES
    • Mortgage type
      • Discount mortgages
      • Fixed rates
      • Fee-free
      • Interest-only
      • Offset
      • Remortgages
      • Trackers
      • Variable rates
    • Conveyancing
    • First time buyers
    • Help to Buy
    • New build
    • Overseas
    • Regulation
    • Self build
    • Shared ownership
  • BRIDGING
  • BTL
    • Consumer BTL
    • HMOs
    • Limited Company BTL
  • COMMERCIAL
    • Asset finance
    • Auction finance
    • Commercial mortgages
    • Development finance
    • Invoice finance
    • SME finance
  • DISTRIBUTION
  • G.I.
  • LATER LIFE
    • Equity release
      • Lifetime mortages
      • Drawdown
    • Pensions
    • Retirement borrowing
  • LOANS
  • PROTECTION
    • Critical illness
    • Income protection
    • Group protection
    • Life cover
    • PMI

© 2018 Trek Publishing Limited. Website design by Bedazzled Media Limited.
Company Number 11335497. Registered Office: Butterick Building Unit K, 38 New Lane, Havant, P09 2ND

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