Accord offers dedicated large-loan mortgage service for £1 million to £5 million applications

Accord offers dedicated large-loan mortgage service for £1 million to £5 million applications

 

Accord Mortgages has a dedicated large-loan service for brokers submitting mortgage applications between £1 million and £5 million.

This is useful for borrowers buying or remortgaging higher-value properties, particularly in London and the South East, where mortgage sizes can easily exceed £1 million. Accord says its large-loan service gives brokers access to experienced underwriters, tailored lending support for complex cases, underwriter contact within four hours and a fast-track decision-in-principle result.

Why is Accord a good mortgage lender?

Accord is often popular with brokers, such as Trinity Financial, because it offers competitive mortgage products, flexible criteria, and direct access to underwriting support for more complex cases.

For larger mortgage applications, Accord can consider:

Accord large-loan criteria	Details
Maximum loan	Up to £5 million
Maximum loan-to-value (LTV)	£5 million up to 75% LTV
Higher LTV large loans	Up to £2.6 million at 85% LTV
90% LTV lending	Up to £1 million
Interest-only	Up to 75% LTV
Part-and-part	Up to 85% LTV
Offset mortgages	Available on selected products
Maximum term	Up to 40 years

Accord can also consider employed, self-employed, rental, investment and pension income, subject to its affordability and evidence requirements.

Who owns Accord Mortgages?

Accord Mortgages is part of Yorkshire Building Society Group, one of the UK’s largest building societies. Accord works through mortgage intermediaries, which means borrowers normally access its products through brokers rather than going direct.

Why do brokers like Trinity Financial use Accord?

Brokers often use Accord because it offers a broad product range and is willing to look at a variety of mortgage needs, including large loans, offset mortgages, interest-only, contractors, new-build properties, Joint Borrower Sole Proprietor mortgages and product transfers.

For larger loans, the access to experienced underwriters is particularly useful. A £1 million-plus mortgage can involve more complex income, bigger deposits, higher monthly payments and more detailed affordability checks. Having a lender that will discuss the case properly can make the process smoother.

Accord’s interest-only and offset options can also be useful for higher earners or borrowers with savings and investments. For example, some clients may want to keep cash accessible while reducing mortgage interest, while others may want part of the mortgage on interest-only to support affordability.

Can Accord help high-net-worth borrowers?

Accord is not a private bank, but it can be a strong option for some high-net-worth borrowers who want a mainstream mortgage rather than bespoke private banking terms.

Some wealthy borrowers assume they need a private bank for a £1 million-plus mortgage, but that is not always the case. If the client’s income and property meet Accord’s criteria, a mainstream lender may be cheaper and simpler than a private bank.

However, Accord does not use foreign income or foreign assets for affordability or repayment strategy purposes, so international clients may need a different lender.

Are other lenders offering £1 million-plus mortgage services?

Yes. Several high-street banks, building societies and private banks offer large-loan mortgages.

Lenders that may be useful for £1 million-plus borrowers include HSBC, Barclays, NatWest, Santander, Halifax, Nationwide for Intermediaries, TSB, Metro Bank and a selection of private banks.

The right lender depends on the client’s income, deposit, employment status, bonus structure, age, property type, repayment strategy and whether the loan is required on capital repayment, interest-only or part-and-part.

Private banks may be useful for borrowers with complex wealth, investment portfolios, foreign income, unusual properties, very large interest-only loans or bespoke repayment strategies. High-street lenders and building societies may be more suitable where the case fits standard affordability and income rules.

Aaron Strutt, product director at Trinity Financial, says:

“Accord’s large-loan service gives brokers another useful option for clients borrowing between £1 million and £5 million. Not every high-value borrower needs a private bank, and Accord can be competitive where the client fits its affordability and income criteria.

“The access to experienced underwriters is important because larger mortgage applications often need more discussion and better packaging. Borrowers may have bonus income, self-employed income, savings, investments, interest-only requirements or a need for offset facilities.

“The key is comparing Accord with the wider market. In some cases, Accord will be a strong option. In others, a high-street bank, building society or private bank may offer better affordability, a lower rate or more suitable criteria.”

Accord is unlikely to offer the most competitively priced rates, so if applicants have a straightforward situation, lenders like HSBC, Barclays and Nationwide may offer better mortgage terms.

Why use Trinity Financial for a large mortgage?

Trinity Financial regularly arranges £1 million-plus mortgages for home movers, remortgage clients, business owners, private equity professionals, bankers, lawyers, doctors, entrepreneurs and high-net-worth clients.

Our brokers compare large-loan options from high-street banks, building societies, specialist lenders and private banks. We can help clients understand whether Accord, another mainstream lender or a private bank is most suitable.

Trinity Financial can help with:

• £1 million to £5 million mortgages

• Interest-only and part-and-part mortgages

• Offset mortgages

• Large remortgages

• High loan-to-income applications

• Bonus, commission and self-employed income

• Contractor and company director mortgages

• Private bank and high-net-worth mortgages

• Product transfers and rate switches

Speak to Trinity Financial

If you need a £1 million-plus mortgage, it is worth speaking to a broker before applying. Large-loan lenders have different affordability rules, income policies, loan-to-value limits and underwriting requirements.

Trinity Financial can assess your income, deposit, property and repayment strategy before approaching the most suitable lenders.

Call Trinity Financial on 020 7016 0790, book a consultation, or use our appointment calendar.

The information contained within was correct at the time of publication but is subject to change. It is for general information purposes and is not advice.

Your mortgage is secured on your property. Your property may be repossessed if you do not keep up repayments on your mortgage.