Accord Buy To Let will no longer request personal bank statements or proof of deposit for the majority of mortgage applications.
Landlords will not be required to submit the supporting documents unless they have a portfolio, are a landlord for the first-time or are employed by a family member.
Proof of deposit is not necessary either, unless the deposit is coming from abroad.
The improvements are in response to feedback from brokers that commented on the time it takes to gather and upload supporting documents that aren’t always needed.
These changes come after the lender announced last week it was removing the need for certified documentation to be provided as part of a mortgage application.
Yorkshire Building Society Group, of which Accord Mortgages is a part, confirmed it no longer requires copies of documents to be certified in the majority of cases and will also accept photocopies of identification documents, such as passports and driving licences, if needed.
Chris Maggs (pictured), commercial manager at Accord Buy To Let, said: “We know there are many steps and requirements in applications so we’ve made a number of improvements recently to remove some elements that we know can cause extra work for brokers.
“In the majority of cases we will now no longer request personal bank statements or proof of deposit which should speed up the application process, freeing up more time for the brokers to spend serving their customers.”