Accord Buy To Let has boosted its maximum borrowing limit and brings in unlimited portfolios for established landlords.

For non-first-time landlords, buy-to-let aggregate lending limits lift from £1m to £3m.

Also, the number of BTL mortgages a borrower can have rises from three to five, while portfolio size is now unlimited, moving from a total of 15. However, a maximum of 10 still applies for mortgaged properties.

Accord, the intermediary lending subsidiary of Yorkshire Building Society, has also cut its standard buy-to-let valuation and homebuyers fees in line with the division’s residential fee structure for “greater simplicity”.

Acord corporate account manager – propositions Nicola Alvarez says: “Supporting landlords throughout the pandemic has been a real priority for us and so we have made the decision to simplify the fee structure by reducing standard valuation and homebuyers fees to align with our residential offering.”

She adds: “We’ve also made changes to our lending limits for established landlords, offering them more flexibility to manage their property portfolios. We hope by increasing the range of options available, we can help support more brokers and their landlord clients.”