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Chelsea officially closes to intermediaries

The Chelsea Building Society has officially ceased accepting new applications from intermediaries as a result of the merger with Yorkshire Building Society.

Intermediary business will now be accepted through Accord Mortgages, the subsidiary of Yorkshire Building Society.

Any customer that wishes to port their existing mortgage can apply directly through their local branch or contact the customer contact centre. Applications will not be accepted via intermediaries.

Any outstanding procuration fees will continue to be paid as normal.

Mortgage Strategy revealed in September that Iain Smith, sales director at Accord Mortgages, and Tom Gurrie, divisional director of intermediary sales at Chelsea Building Society, had been made redundant as a result of Yorkshire Building Society’s merger with Chelsea.

David Robinson, head of national accounts at Accord, and Chris Maggs will be responsible for corporate relations and Accord BDMs.

All broker business will go via Accord and all direct business through the Chelsea, Yorkshire and Barnsley building societies.

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