Accord increases max LTV to 90% for flats

Accord increases max LTV to 90% for flats

Accord Mortgages has increased the maximum loan to value it will lend on flats and apartments as it seeks to give further help to first time buyers.
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.