Accord Mortgages is now allowing homemovers to access its 95 per cent LTV product.

Initially launched in mid-March, the product, which does not use the government’s mortgage guarantee scheme, has until now been available only to first-time buyers.

The five-year fix has a rate of 3.99 per cent, charges a £995 fee and includes a free valuation. Applications involving new build homes or flats are not allowed.

Accord managing director Jeremy Duncombe says: “We’re committed to supporting brokers and are pleased to have been able to give FTBs more choice, in what was a very limited market.

“We’ve been delighted with the response to our return to the 95 per cent market, and as more lenders have joined us in the market, we’re now in a position to offer it to more borrowers.”