Accord is increasing its maximum loan size at 90% LTV from £600,000 to £750,000 and cutting rates on a number of deals for borrowers with small deposits tomorrow.

The new higher loan limit will be available for purchase and remortgage including on new-build houses but not on new-build flats.

Accord is also reintroducing 90% LTV lending in Northern Ireland, which again includes new-build houses but not flats.

Highlights of the rate cuts to the lender’s 90% LTV range include:

• Two-year fixed rate at 2.22% down from 2.34% for house purchase
• Two-year fixed rate at 2.24% down from 2.43% for remortgage
• Five-year fixed rate at 2.59% down from 2.70% for house purchase

All three products come with a £495 fee, £500 cashback and free standard valuation.

Accord is also launching a range of discounted standard variable rate (SVR) mortgages from 65% LTV to 95% LTV.

Rates start from 1.19% for a two-year discount deal at 65% LTV for purchase or remortgage with a £495 fee and free standard valuation.

Accord senior manager of mortgage propositions Nicola Alvarez says: “We’re really pleased to introduce this change and give brokers more opportunities to help their clients with larger loan requirements. 

“Supporting the change in maximum loan size with rate reductions and new discounted SVR options gives brokers a strong and varied range of competitive products to better help clients, particularly those requiring higher loan-to-value options. 

“Together with our common-sense lending approach, we’re sure it’ll be welcome news for brokers.”