Accord Mortgages has reverted its loan-to-income caps to previous levels.

The lender made changes to its LTI caps in October last year in order to manage volume and capacity.

It says that it has since recruited more staff and therefore improved application handling.

From Wednesday 20 January, households that earn £60,000 a year or more will be able to borrow five times their income, up from the 4.49 times income it had been capped at.

In an email to brokers, Accord says that cases that have already been submitted will continue to be processed using the 4.49 times income cap.