Accord increases maximum mortgage sizes by up to £1.6 million and extends 85% LTV lending to new build
04 June 2025
Accord is increasing its maximum loan amount by up to £1.6 million and extending 95% lending to new-build properties, in its latest bid to help first- and next-time buyers achieve their homeownership goals.
The intermediary-only lender is significantly boosting the amount it will lend to people borrowing over 75% of their home’s value, to help particularly those purchasing in hotspots where house prices have risen beyond the reach of many.
Andrew Calder, strategic partnerships and propositions manager at Accord, said:
“House prices rising by around a quarter over the past five years has made it harder and harder for people – and especially first-time buyers – to access the size of mortgage they need.
“Meanwhile, costs have gone up so significantly in some areas of the country, it’s hard for borrowers to secure the kind of mortgage they need. This means they either have to make up for this with a much bigger deposit than the norm, which can put many out of the race; or they face waiting years to realise their homeownership dreams while they save up more.
“At the same time, many buyers want to purchase new-build houses because of their energy efficiency and relatively low maintenance requirements. Therefore, as well as increasing our maximum loan sizes for new build and non-newbuild homes, we have lowered our minimum deposit requirements for new builds, to make this a possibility for more people.
“At Accord, we are always looking at opportunities to help remove blockers for borrowers, and help them achieve their homeownership goals.”
Summary of changes
Maximum loan sizes
- The maximum loan size for people borrowing more than 75% and up to 85% loan-to-value (LTV) is increasing to £2.6million. This is an increase from £2million for non-new build properties, and from £1million for new build properties
- The maximum loan for all property and borrower types, at more than 85% and up to 90% LTV, is going up from £750,000 to £1 million
- The maximum for all borrower and property types other than newbuild flats, at more than 90% and up to 95% LTV, is changing from £600,000 to £750,000
- The maximum loans below 75% LTV and non-new build at more than 95% and up to 99% LTV, remain unchanged at £5million and £495,000 respectively.
New-build maximum LTV
- Also on 4 June, Accord will increase its maximum LTV for new-build houses from 90% to 95%.
Other recent changes Accord has introduced to help borrowers overcome affordability challenges include updating its affordability model and the ‘stress rate’ it applies to mortgage applications, and expanding its unique £5k Deposit Mortgage – which allows people to borrow up to £500,000 with a deposit of just £5,000 - to flat purchases.
