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Accord extends lending up to 90 per cent LTV

  • 20/05/2020
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Accord extends lending up to 90 per cent LTV
Accord has restarted lending up to 90 per cent loan to value (LTV) on residential purchase and remortgage applications.


The lender is offering up to 85 per cent LTV on new build purchases and 75 per cent LTV on Help to Buy applications.

The changes come as physical valuations have restarted in England, allowing the extension of lending policies.

Accord is now offering a further 18 deals to support the extension, including a two and five-year fix at 90 per cent LTV with a rate of 2.32 per cent and 2.43 per cent respectively. Both deals have a £495 fee and £500 of cashback.

New Help to Buy products include a two-year fixed rate of 1.93 per cent at 60 per cent LTV a £495 fee and £500 of cashback and, a five-year fixed rate of 1.99 per cent at 75 per cent LTV, with £995 fee, £750 cashback and free valuation.

Jeremy Duncombe, director of intermediary distribution at Accord Mortgages, said: “Hot on the heels of last week’s announcement where we improved our criteria and introduced physical valuations, we’ve been working hard behind the scenes to return to as much of our pre-lockdown criteria as we can.

“This means a welcome return to 90 per cent LTV for purchase and remortgage from today.

“We’re especially pleased to also be able to start lending up to 85 per cent on New Build and offer Help to Buy products to support those who are keen to get on the housing ladder.

“We know the market is keen to get back to some sort of normal as fast as possible and these are all positive steps. In these uncertain times, brokers need to have a competitive range of options to offer borrowers.

“There has never been a better time for advisers to demonstrate the value of good advice and offer reassurance. These changes, and our common sense underwriting approach, allow brokers to do just that.”

Buy to let changes

Accord is also rejigging its buy to let deals from 21 May.

Rates are doing down on five-year 60 per cent LTV products, while being raised on three-year 60 per cent LTV deals.

Free legals services are also being added to the three-year 65 per cent LTV remortgage product.


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