The lender said it was making the ‘significant improvements’ to the residential range to in a bid to offer a more competitive choice to brokers and their clients.

The changes, which are effective from today, include a five-year fixed rate at 2.16% (was 2.19%) at 80% LTV, available for both house purchases and remortgage, which comes with a £995 fee, £300 cashback and free standard valuation.

There is also a five-year fixed rate at 2.69% (was 2.86%) at 85% LTV and a two-year fixed rate at £3.09% (was 3.22%) at 90% LTV.

For those remortgaging with just a 5% deposit, new products include a five-year fixed rate at 3.88%, which comes with a £495 fee, £500 cashback, free remortgage legal service and free standard valuation.

Accord said there was also good news for clients with a smaller deposit who were looking to borrow more. The intermediary-only lender has introduced new products at 95% LTV for borrowing of up to £600,000 and has aligned rates on all larger loan products (up to £600,000 at 90% and 95% LTV, and £2 million at 80% and 85% LTV) with those in its core range.

Jemma Anderson, Accord mortgage manager said: “We’re really pleased to offer this improved range, which offers more comprehensive choice and even better value across a range of LTVs to support more of the market.

“The new offerings at 95% will also support borrowers finding it harder to remortgage with a smaller deposit, as well as those who wish to borrow more. We hope this will be welcomed by brokers and their clients.”