Accord Mortgages says it will now considering lending up to 85% LTV for debt consolidation.

The previous level was set at 80% LTV.

The lender says that brokers will be informed if their client is eligible for the increased limited when submitting a decision in principle.

Those who do not meet the higher bound will still be able to borrow up to 80% LTV.

Accord senior manager for new propositions Nicola Alvarez says: “We’re committed to finding ways to help brokers support more clients, and increasing our maximum LTV for debt consolidation for borrowers that meet our higher credit score, will do just that.

“Brokers have been talking about this for some time, so we hope it will be welcome news that we’ve listened and are responding to an identified need with increased choice in the market.”