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Accord checks out self-cert sector with broker groups

Yorkshire Building Society&#39s intermediary lending arm Accord Mortgages is testing self-certification mortgages with a view to launching them across the board if the trial is successful.

Accord is working with a group of brokers looking into the pros and cons of offering self-cert mortgages across its range. It plans to clone its existing products and add a self-cert clause. It is offering this range exclusively to the broker group at first.

Managing director Linda Will is keen to add self-cert mortgages to Accord&#39s range and feels this experiment will help to prove that the products are not risky. She is also looking into a number of different areas, including sub-prime, long-term fixed-rate mortgages and professional mortgages.

She says: “I want us to have a staple range of products available to all intermediaries, with a big range of exclusives designed to suit individual needs. We are in the process of setting up a self-cert trial, and are also looking at sub-prime as a possibility for the future.”

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