Accord streamlines BTL paperwork requirements

Accord streamlines BTL paperwork requirements

 

Exempt clients include portfolio or first-time landlords, or mortgage applicants employed by a family member.

Proof of deposit is not necessary either, unless the deposit is coming from abroad, said Accord.

The improvements are in response to feedback from brokers that commented on the time it takes to gather and upload supporting documents that aren’t always needed.

Chris Maggs, commercial manager at Accord Buy To Let, said: “We know there are many steps and requirements in applications so we’ve made a number of improvements recently to remove some elements that we know can cause extra work for brokers.

These changes come after the lender announced last week it was removing the need for certified documentation to be provided as part of a mortgage application.

Yorkshire Building Society Group, of which Accord Mortgages is a part, confirmed it no longer requires copies of documents to be certified in the majority of cases and will also accept photocopies of identification documents, such as passports and driving licences, if needed.