The two base rate tracker products have no redemption penalties, one arrangement fee, no maximum loan size and a 100 per cent loan option available.
The service has been developed to allow more flexible underwriting for professionals loan applications and to take unusual circumstances under consideration.
Examples include a recently appointed GP, working towards a parity share in a partnership where a partnership agreement could be obtained or future profit and share calculations.
Another example includes a solicitor unable to get a partner’s agreement to provide the full partnership accounts, when Accord said it could enlist Inland Revenue documentation or a profit share confirmation instead.
The service has been developed because many people in these professions have mortgage requirements, which need individual consideration and fit uneasily within standard lending criteria.
The service offers direct access to underwriters who understand this market, a ten-day offer turnaround and exclusive products, recognising the different risk profile, which the underwriting of these risks creates.
Linda Will, managing director of Accord, said: “This service offers access to decision makers, speedy service and truly individual underwriting. As a result, it is exclusively available to intermediaries who regularly broker mortgages for such professionals.”
