Accord increases LTVs for FTBs

Nia Williams

May 1, 2013

The intermediary lender has changed its policies to allow borrowing of up to 90% LTV on flats and apartments, up from 85%.

LTV limits on new build flats and apartments have also been increased, to 85% from 75%.

The changes bring Accord’s lending policies on flats and apartments in line with that for houses.

Jemma Smith, Accord Mortgages product manager, said: “We continue to work closely with our intermediary partners and value their views, and as a result of recent feedback we have increased the maximum LTV limits on flats.

“We expect the increase in maximum LTV on flats from 85% to 90% LTV, and from 75% to 85% on new build properties, will be warmly welcomed by brokers and customers.”

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