Accord has increased the maximum loan size for its mortgages from £1m to £2m.

The new figure pertains to lending between 80 per cent LTV and 85 per cent LTV and comprise the following products:

An 80 per cent two-year fix at 2.33 per cent and an 85 per cent LTV two-year fix at 2.75 per cent for house purchases and, for remortgages, the same configuration but at 2.31 per cent and 2.70 per cent, respectively.

All of the above products come with a free valuation, £500 cashback and command a £995 fee.

Accord corporate account manager of propositions Nicola Alvarez says: “Borrowers have very few options when looking for larger loan products in this LTV bracket.

“We’ve therefore increased our maximum loan size to offer brokers more choice when advising high income clients looking to purchase or re-mortgage a high value property at a higher LTV.”