Accord Mortgages has cut rates on selected products in its 80% to 85% loan-to-value range.

The broker-only lender will make available its new rates, for both house purchase and remortgage, from tomorrow (2 July).

They include:

A two-year fixed-rate loan at 2.28%, down from 2.35%, at 85% LTV.

A five-year fixed-rate deal at 2.57%, cut from 2.64%, at 85% LTV.

A two-year fixed-rate product at 1.97% at 80% LTV.

And a five-year fixed-rate mortgage at 2.16% at 80% LTV.

The specialist lender says these loans all come with a £995 fee, free standard valuation and £1,000 cashback.

The firm adds it has cut rates by up to 14 basis points on other selected products, including a five-year fixed-rate loan of 2.61%, down from 2.75%, available for remortgages, with a £495 fee, £500 cashback and free standard valuation.

Accord Mortgages mortgage manager Jemma Anderson says: “We’ve refreshed the range to improve a number of selected products at 80 and 85% LTV, and hope the combination of reduced rates and increased cashback will create more choices to meet varying customer needs.”

Last month, the firm relaxed its criteria for landlords by removing the cap on the amount of secured debt they can consolidate when remortgaging.

It added it would return to lending up to 80% loan to value to buy-to-let customers, in a note sent to brokers.