Accord launches online platform to manage offset mortgage accounts

by Aaron Strutt

Nov 17 2016

Accord Mortgages has launched an online platform to make it easier for its offset mortgage customers to manage their accounts online.

Customers will be able to log into their account and access their mortgage balance and statements, transfer funds and set up standing orders. They will also be able to manage the linked accounts and make deposits with a debit card.

Many borrowers have large sums in savings accounts, and they are not receiving much interest. They could reduce the amount of interest they pay with an offset mortgage and have access to their savings at any time.

Yorkshire's broker lending arm

Accord Mortgages is the broker lending arm of the Yorkshire Building Society, and it offers a range of offset mortgages. Its mortgages are more expensive than the non-offset rates, but they are a lot more flexible.

David Robinson, Accord’s national intermediary sales manager, says: “There’s a misconception that offset mortgages are complicated, so we have tried to remove any barriers to make them as simple as possible for borrowers.

“Offset mortgages present some potential advantages to borrowers, including reducing the overall mortgage interest payment or being able to pay mortgage off early.”

For help to secure an offset mortgage, call Trinity Financial on 020 7016 0790.