Industry ranking
Score of 89.67/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2025 - 31 Dec 2025 | 27 Jan 2026 | 25 | 76% | 20% | 4% | 9% |
| 01 Jan 2025 - 30 Jun 2025 | 07 Jul 2025 | 17 | 85% | 15% | 0% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 24 Jan 2025 | 21 | 74% | 26% | 0% | 1% |
| 01 Jan 2024 - 30 Jun 2024 | 25 Jul 2024 | 9 | 82% | 18% | 0% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 10 Jan 2024 | 9 | 100% | 0% | 0% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 24 Jul 2023 | 10 | 100% | 0% | 0% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 8 | 97% | 3% | 0% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 8 | 99% | 1% | 0% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 13 | 94% | 1% | 5% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 8 | 98% | 0% | 2% | 15% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 11 | 93% | 6% | 1% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 19 | 71% | 28% | 1% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 16 | 86% | 14% | 0% | 25% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 11 | 93% | 7% | 0% | 48% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Accord Mortgages Limited is a wholly owned subsidiary of Yorkshire Building Society (YBS) and YBS has one payment process and policy for all its group and subsidiary companies. Payment terms are as set out above unless otherwise agreed by both parties and/or is set out in any contract. Payment is calculated from the date of receipt of a valid invoice quoting a valid Purchase Order number unless an exception has been agreed. Invoices are normally sent by the supplier direct to the company or YBS for matching to Purchase Orders. There will be a follow up with Buyers on any Purchase Orders not receipted or invoices not matched to Purchase Orders. Invalid invoices are rejected and returned back to the supplier. Where appropriate, contractual remedies for late payment of invoices are negotiated. We may set off against the invoice any sums owed to us, unless our contract prohibits this.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Disputes will be managed in accordance with any escalation procedures or contractual provisions in place or resolved through negotiation by the Group's Procurement Team or Supplier Relationship Managers and any unresolved disputes may be escalated to Group Legal if required.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Accord Mortgages Limited is an intermediary only mortgage lender, offering products solely through mortgage brokers rather than direct to consumers. It provides residential and buy to let mortgages, including offset, new build, contractor, large loan and joint borrower sole proprietor products, along with product transfers for existing borrowers. The company is authorised and regulated by the Financial Conduct Authority for its regulated lending activity, though buy to let mortgages for business purposes fall outside FCA regulation. It is part of Yorkshire Building Society, described as one of the largest building societies in the UK, with Accord operating as the intermediary lending arm within that wider group.
Generated from the company's website and Companies House records. Sources: accordmortgages.com · accordmortgages.com · accordmortgages.com