Both Accord Mortgages and TSB have announced further cuts to their rates.

Accord is reducing rates across its residential and buy-to-let range from tomorrow, while TSB has made changes to its product transfer and additional borrowing ranges.

Accord’s two-year products have been reduced by up to 0.51%; three-year products by up to 0.45%, and five-year products by up to 0.25%.

Products in the new range include a two-year fix at 75% LTV, suitable for those remortgaging, at 6.73% (was 7.24%).

This comes with no product fee, free standard valuation and a remortgage legal service.

A two-year fix at 80% LTV, suitable for house purchase, is now available at 6.31% (was 6.73%).

This comes with a £995 product fee, free standard valuation and £250 cashback.

Meanwhile, a five-year fix is now at 5.54% (was 5.79%) up to 60% LTV, suitable for re-mortgage, with a choice of £250 cashback or remortgage legal services and free standard valuation.

Finally, a five-year fix at 60% LTV, suitable for re-mortgage, is now at 5.38% (was 5.50%).  This comes with a £3,495 product fee and remortgage legal services.

The intermediary-only lender has also extended product end dates to 31 January.

Accord buy-to-let mortgage manager Simon Garner says: “We’re so pleased to reduce rates on selected products in line with recent reductions in swap rates.

“This demonstrates our commitment to the buy-to-let sector – responding to the market wherever we can to ensure that our products remain as competitive as possible for landlords.”

TSB, meanwhile, has introduced residential three-year fixed products with no fee.

The bank has also reduced five-year and 10-year residential rates by up to 0.15% and 0.25%, respectively.

In addition, the lender has made a series of changes across its additional borrowing range.

Buy-to-let two-year tracker rates have been reduced by 0.40%, while residential two-year trackers have been cut by 0.30%