Accord Mortgages has cut rates by up to 37bps, while TSB has reduced rates by up to 20bps.

Accord’s cuts apply to its residential product transfer and additional loan products. All the lender’s three-year fixes will be cut by 37bps, with 5bps cuts to five-year fixed rates.

The lender is also making 20bps cuts to two-year fixes up to 90% LTV, and a 15bps to two-year fixes to 80% LTV, all taking place from 27 August.

TSB has also made rate cuts of up to 20bps on its two, three and five-year house purchase fixes, and three-year fixed remortgages by 15bps.