Yorkshire Building Society’s landlord mortgage arm, Accord Buy To Let no longer requires applicants to provide personal bank statements or proof of deposit for the majority of cases in a bid to ‘improve the broker experience.’
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.
Victoria Hartley is contributing editor at Mortgage Solutions, Specialist Lending Solutions, Your Money and Your Mortgage at London-based publishing company AE3 Media.
She has an MA in Radio from Goldsmiths after gaining a 2:1 in a Comparative American Studies BA at Warwick University. She also holds a TEFL qualification and taught overseas in Mexico and Japan from 1994 to 1997.
Her role includes editorial oversight of the news, analysis and features, event content management and strategic and editorial consultancy for the AE3 Media group. She is an experienced video, broadcast and live-event host and regularly chairs web and podcast debates and interviews.
Multiple award nominations have resulted in two wins: Santander Media Awards, trade journalist of the year and Headlinemoney Awards, mortgage journalist of the year (B2B). Here is one of the award-winning pieces: https://www.mortgagesolutions.co.uk/news/2011/07/21/exclusive-tale-bailey-fraud-witness/
Previous roles include editorships of Mortgage Solutions, consumer title What Mortgage and trade title Credit Today as well as a stint freelancing for a variety of outlets including The Guardian and Which? Money.
