Accord has removed the property value restrictions it placed at the end of March due to the Covid-19 lockdown.

As well as this, it has brought its maximum loan size back up to £5m for residential lending and £1m for buy-to-let, and relaunched 90 per cent LTV lending for loan sizes of up to £600,000.

These new products include a two-year fix at 2.35 per cent for purchase and remortgage. This includes a £995 fee, £500 cashback and for free valuations. Remortgage borrowers will also enjoy free legals.

The lender is also launching a purchase-00only five-year fix at 2.50 per cent with £995 fee, £500 cashback and free valuation, and a remortgage-only five-year fix at 2.49 per cent with the same benefits.

Accord has also cut rates on other fixes: the 75 per cent LTV house purchase two-year fix has been cut from 1.71 per cent to 1.64 per cent, the 80 per cent LTV remortgage five-year fix from 2.07 per cent to 2.03 per cent, and the 85 per cent LTV house purchase two-year fix from 2.08 per cent to 2.04 per cent.

Accord director of intermediary distribution Jeremy Duncombe says: “We’re committed to rebuilding confidence in the market and supporting brokers and their clients with a competitive and broad range of products.

“Being able to remove the property value restrictions and increase our maximum loan size is the latest in a series of changes we have made to get back to our pre-Covid criteria wherever possible.”