The intermediary arm of Yorkshire Building Society announced the rate hikes as it also revealed it would be increasing its maximum loan size to £2 million on lending between 80% and 85% LTV.

And, at the same time, Yorkshire Building Society said it was increasing its maximum loan size to £2 million on new and additional lending as it attempts to ‘support the changing profile of borrowers’.

The rise will apply for products with a loan-to-value (LTV) of between 75% and 85% and comes after the building society capped the maximum loan size at £1 million.

Rates rises

Analysis published by Moneyfacts.co.uk suggested average fixed-rates across the mortgage market as a whole were starting to increase again.

Its statistics showed the average two-year fixed rate was 1.99% on 1 July but had risen to 2.05% yesterday.

Eleanor Williams, finance expert at Moneyfacts, said: “Our analysis shows that this trend is currently borne out across the various LTV sectors for this part of the market, where all bar the 50% and 65% LTV bandings have increased since the start of the month.”

Previously capped at £1 million, the new products, available from Accord as of today are as follows:

For house purchases

Two-year fixed rate at 2.33% at 80% LTV

Two-year fixed rate at 2.75% at 85% LTV

For remortgages

Two-year fixed rate at 2.31% at 80% LTV

Two-year fixed rate at 2.70% at 85% LTV

Nicola Alvarez, corporate account manager, propositions at Accord, said: “Borrowers have very few options when looking for larger loan products in this LTV bracket.

“We’ve therefore increased our maximum loan size to offer brokers more choice when advising high income clients looking to purchase or re-mortgage a high value property at a higher LTV.

“Accord remains committed to supporting the market and we hope these latest changes, alongside our common sense lending approach, will help us ensure we can offer a broad range of competitive products with the service brokers expect from us.”