Accord has made rate cuts of up to 0.10% on its residential range, effective tomorrow at 8am (3 July).

The reductions cover some of the lender’s higher loan-to-values (LTVs), with products at 75% LTV cut by up to 0.10%.

LTVs at 80% and 85% have been lowered by up to 0.07% while products for those with a 10% deposit are to come down by up to 0.05%.

Highlights of the new range include:

– A five-year fix at 75% LTV, suitable for house purchase, at 4.95% (was 5.05%), which comes with a £1,995 fee and free standard valuation

– A two-year fix at 85% LTV, suitable for those remortgaging, at 5.65% (was 5.72%), with a £1,995 fee and free standard valuation

– And a fee-free five-year fix at 90% LTV for those purchasing a home, at 5.37% (was 5.42%), which comes with free standard valuation.

Accord mortgage manager Gemma Hyland says: “We’re delighted to take this opportunity to pass on better value to our brokers and their clients. We’ll continue to identify and take all possible further opportunities to pass on lower costs to borrowers, in what is still a challenging market.”