Accord withdrawing all 75% and 85% LTV products

Accord Mortgages is withdrawing all of its 75 per cent and 85 per cent loan-to-value mortgages until Thursday.

The lender is pulling all products except its 90 per cent LTV range tonight due to high demand following competitor movements.

It will relaunch a new product range on Thursday.

A spokeswoman for Accord says: “Due to competitor movements within the market we have received an unprecedented number of applications and wish to ensure we maintain our service levels. Details for the new product range will be available on Thursday.”