Accord Mortgages has made a number of cuts to its residential range, including products aimed at first-time buyers.

Selected highlights comprise:

• The 95% LTV two-year fix for house purchase with £495 fee and £500 cashback being cut from 3.56% to 3.28%.
• The 90% LTV two-year fix for house purchase with zero fee and £500 cashback being reduced from 3.27% to 2.87%.
• The 80% LTV two-year fix for purchase and remortgage with £995 fee and £1,000 cashback having its rate cut from 1.93% to 1.91%.
• The 90% LTV five-year fix for remortgage only and £250 cashback being reduced from 3.29% to 3.08%.

Accord mortgage manager Jemma Anderson says: “These latest changes offer brokers and their clients better value, especially for those looking to secure a mortgage with a smaller deposit.”

The changes will take effect from 9am on Monday 16 August.

Earlier today, Accord Mortgages became the latest lender to adopt Twenty7Tec’s APPLY module, following a successful trial.