Accord has increased the maximum loan size on its buy-to-let (BTL) offering, to further support the private rental sector.

The intermediary-only lender is significantly boosting its BTL maximum loan to £1.5 million, up from £1 million, on products up to 75% loan-to-value (LTV) for experienced landlords.

The maximum loan on products between 75.01% and 80% LTV will rise to £750k, up from £500k.

First-time landlords can borrow up to £1 million on products up to 75% LTV, and all existing policy rules, affordability criteria and lending requirements remain unchanged.

Accord strategic partnerships and propositions Angelika Christian says: “We are always looking for opportunities to offer even more support to the private rental sector, helping landlords, who play a crucial role in a functioning housing market, to supply or improve much-needed rental accommodation.”

“This change recognises the significant increase in property prices in recent years, offering greater flexibility and choice for brokers supporting landlords with larger portfolios or higher-value properties.”