Accord Mortgages has reintroduced several products including 90 per cent LTV fixes and updated its lending policies following the recommencement of physical valuations.

As of today, the intermediary arm of Yorkshire Building Society will accept residential house purchase and remortgage applications up to 90 per cent LTV, new build purchases up to 85 per cent LTV and Help to Buy applications up to 75 per cent LTV.

The lender is relaunching 18 products including a two-year fix at 2.32 per cent at 90 per cent LTV with £495 fee, £500 cashback and free valuation; a five-year fix at 2.43 per cent at 90 per cent LTV with £495 fee, £500 cashback and free valuation; and remortgages at 2.35 per cent for a two-year fix at 90 per cent LTV with £495 fee, £500 cashback, free legals and free valuation and a five-year fixed rate at 2.44 per cent at 90 per cent LTV with £495 fee, £500 cashback, free legals and free valuation.

Accord Mortgages director of intermediary distribution Jeremy Duncombe says: “Hot on the heels of last week’s announcement where we improved our criteria and introduced physical valuations, we’ve been working hard behind the scenes to return to as much of our pre-lockdown criteria as we can. This means a welcome return to 90 per cent LTV for purchase and remortgage from today.

“We’re especially pleased to also be able to start lending up to 85 per cent on New Build and offer Help to Buy products to support those who are keen to get on the housing ladder. We know the market is keen to get back to some sort of normal as fast as possible and these are all positive steps. In these uncertain times, brokers need to have a competitive range of options to offer borrowers. There has never been a better time for advisers to demonstrate the value of good advice and offer reassurance. These changes, and our common-sense underwriting approach, allow brokers to do just that”

At present, lending in Northern Ireland is not included in these changes, and is being looked at separately.