Accord is raising rates by up to 18 basis points on deals at 90 and 95 per cent loan-to-value tomorrow.

The lender is putting up rates on 15 products and is also launching a new 95 per cent LTV five-year fixed at 3.55 per cent with no fee.

Accord has also told brokers it will temporarily allow borrowers seeking an additional loan or porting their residential mortgage to sign documentation digitally.

The move is designed to make it easier for cases to proceed during this period of social distancing and with postal services under pressure.

In an email to brokers the lender explains: “We’re temporarily offering an alternative to how we receive customer signatures and paper application forms for your Residential Porting or Additional Loans customers.

“From May 1 we’ll accept an editable PDF and digital signature making it easier and safer for you continue to help your clients during these difficult times.

“The new editable forms and all the information you need to submit an application is available on the Accord website.

“We’ll still accept paper forms in the usual way, but these must be signed and sent to us in the post and not by email.”