Since its launch last month, the 5-year fix at 3.99% has been exclusively available to first-time buyers, but from Monday 19 April, it will be available to all home movers under the same terms.

However, new-build homes will not be included, nor will flats.

The intermediary-only lender is not using the government’s Mortgage Guarantee Scheme for the home loan, which comes with a £995 fee and free standard valuation.

Jeremy Duncombe, managing director of Accord Mortgages, said: “We’re committed to supporting brokers and are pleased to have been able to give first-time buyers more choice, in what was a very limited market.

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