How long does Accord Mortgages Limited take to pay its suppliers?

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 neg

Dispute resolution

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.

Other information

Improved or amended payment terms may be agreed during negotiations with suppliers. The YBS Senior Manager Supply Chain has sole discretion to allocate immediate payment terms to sellers under exceptional circumstances, subject to any contracts in place