Accord Mortgages has updated its lending criteria for mortgage applicants from the European Union (EU), European Economic Area (EEA) and Switzerland as a result of the UK’s decision to leave the EU.
Following the end of the Brexit transition period, the lender has announced that from Wednesday 17 February 2021, any EU, EEA or Swiss nationals applying for a mortgage with the lender will need to evidence their residency status.
The intermediary-only lender stated that settled or pre-settled status from the EU settlement scheme will be accepted, with applicants required to provide their government website share code to evidence their residency status. Accord has also confirmed there will be no LTV restrictions applied to borrowers with both settled or pre-settled status, and that these changes apply to the lender’s residential and buy-to-let criteria.
Since January 1 2021, any EU, EEA or Swiss national entering the UK needs to apply for a visa, British citizenship or indefinite leave to remain through the new EU settlement scheme.
EU, EEA or Swiss nationals without an EU settlement status can still apply for a mortgage, Accord confirmed, and will be considered under the lender’s existing criteria for those without permanent right to reside.
Accord corporate account manager, Nicola Alvarez, commented: “We continue to support brokers placing cases for EU, EEA and Swiss nationals, applying our common sense approach to lending.”
Latest News
-
House price growth slows to 3% – ONS
-
Inflation remains unchanged at 3.8% in September
-
£8.8bn worth of BTL loans advanced in Q2
-
Quilter reports third successive quarter of £2bn+ inflows
-
IHT receipts total £4.39bn in six months to September
-
Younger advisers more likely to work with new clients, study finds
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories