Accord Mortgages is the intermediary-only arm of Yorkshire Building Society, and among specialist brokers it is a benchmark for contractor lending — pragmatic day-rate criteria at mutual pricing, with underwriting that reads a case sensibly. The one thing to know up front is that you cannot go to Accord directly: it lends only through brokers, so an adviser is the only route in. This guide covers how it assesses income and where it fits.
Approach is stable; exact figures are confirmed at application.
Accord assesses qualifying contractors on the day rate using the market-standard annualisation:
Day rate x 5 days x 46 weeks = assessed annual income
Its income multiple is applied to that annualised figure rather than to drawings, so a tax-efficient limited company contractor is assessed on the full contract rate. A £500 day rate assesses at £115,000; at a standard 4.5x multiple that is around £517,000 of indicative borrowing — illustrative, and dependent on your circumstances and Accord’s live criteria.
Accord’s broker-only model is a feature, not a limitation. Because it deals exclusively with intermediaries, its criteria are written for advised cases and its underwriting is used to reading contractor income presented properly. A well-packaged Accord case — contract, work history and the right income evidence assembled cleanly — tends to move smoothly. As a whole-of-market broker we can place your case with it and present the file the way Accord expects.
A typical application is built around the current contract, a CV or work history, recent bank statements, and proof of deposit and identity. Accord’s history expectations are standard rather than day-one, and it prefers clean credit. Its sweet spot is the settled contractor wanting competitive mutual pricing through a broker. Brand-new contractors and adverse credit are better matched elsewhere.
Illustrative only, using the standard 5 x 46 method and a typical 4.5x multiple; your figure depends on Accord’s live criteria.
Accord is used to advised contractor cases, so present the file the way it expects: a clear contract, a work history, clean statements and evidenced deposit. Because it is broker-only, your adviser packages the case to its criteria — which is exactly where a specialist adds value on this lender.
A complete submission moves smoothly through Accord; gaps and missing evidence are the main causes of delay.
Accord suits the settled contractor with clean credit who wants competitive mutual pricing and is happy to apply through a broker — which, with Accord, is the only route. Its pragmatic day-rate criteria make it a benchmark for the mainstream contractor case.
It suits you less well if you need day-one lending or have adverse credit, where a specialist reads the case better.
No — Accord is broker-only (the intermediary arm of Yorkshire Building Society). As a whole-of-market broker we can place your case with it. Terms are confirmed at application.
On the day rate for qualifying contractors, annualised as rate x 5 x 46, with the multiple applied to that figure rather than drawings.
Yes — it is a specialist-broker benchmark for contractor lending, combining pragmatic day-rate criteria with mutual pricing. Specifics are confirmed at application.
Yes to both, with the contract or assignment rate as the income basis. Umbrella contractors should lead with the Key Information Document.
Its history expectations are standard rather than day-one; a strong professional background helps. We confirm the live position.
It prefers clean credit; adverse cases are usually better matched to specialist lenders. We triage the right tier.
Accord is the intermediary-only arm of Yorkshire Building Society — it deals exclusively with brokers by design, which means its criteria are written for advised cases and its underwriting expects properly packaged files. As a whole-of-market broker we can place your case with it.
Accord is Yorkshire Building Society’s broker-only lending brand. You get the mutual’s pricing and strength, accessed through an adviser rather than directly. Terms are confirmed at application.
Want to know whether Accord Mortgages is the right lender for your contract — or which lender is? As a whole-of-market brokerage we compare Accord Mortgages against the rest of the market and confirm live criteria for your circumstances before you apply.