Accord Mortgages has removed all property value restrictions and announced it is returning to its maximum loan size to £5m for residential and £1m for buy-to-let applications.
The lender had put a property value limit in place at the end of March but with physical valuations now taking place, Accord has stated that the restrictions will be lifted from Friday 29 May.
Furthermore, Accord also revealed it is relaunching its range of 90% LTV products with a maximum loan size of £600,000, providing positive news for brokers with clients looking to purchase or remortgage higher value properties. The lender’s latest changes also include a number of rate reductions on selected products at 75% to 85% LTV.
Accord director of intermediary distribution, Jeremy Duncombe, commented: “We’re committed to rebuilding confidence in the market and supporting brokers and their clients with a competitive and broad range of products.
“Being able to remove the property value restrictions and increase our maximum loan size is the latest in a series of changes we have made to get back to our pre-COVID-19 criteria wherever possible.
“Following last week’s successful launch back into the 90% LTV market, we are also pleased to expand this range by re-introducing loans available up to £600,000. We first launched this offering back in November last year and had a very positive response from brokers, so it’s great to be able to meet the demand for these products once again.”
AI, finfluencers and the future of broking
The mortgage industry is evolving faster than ever. In this MoneyAge video, we examine the opportunities and challenges redefining the broker landscape, from AI-powered lending and changing customer expectations to housing affordability, property supply and the rise of financial influencers. Our guest from Chorley Building Society shares practical insights on what brokers need to do to stay relevant and thrive in a rapidly changing market.
Perenna and the long-term fixed mortgage market
Content editor, Dan McGrath, spoke to head of product, proposition and distribution at Perenna, John Davison, to explore the long-term fixed mortgage market, the role that Perenna plays in this sector and the impact of the recent Autumn Budget
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories