Accord updates lending policy for EU nationals | Mortgage Introducer

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Following the end of the Brexit transition period, from Wednesday 17 February any EU, EEA or Swiss nationals (not including Irish nationals) applying for a mortgage with the lender will need to evidence their residency status.

Settled or pre-settled status from the EU settlement scheme will be accepted by Accord, with applicants required to provide their government website share code to evidence their residency status.

The intermediary-only lender has also confirmed there will be no LTV restrictions applied to borrowers with both settled and pre-settled status.

These changes apply to Accord’s residential and buy-to-let criteria.

EU, EEA or Swiss nationals without an EU settlement status can still apply for a mortgage with Accord, and will be considered under the lender’s existing criteria for those without permanent right to reside.

Nicola Alvarez, corporate account manager at Accord Mortgages, said: “We continue to support brokers placing cases for EU, EEA and Swiss nationals, applying our common sense approach to lending.”