Accord is cutting fixed rates by up to 45 basis points tomorrow and Coventry Building Society’s new prices take effect today.

At Accord, its residential product transfer and additional loans range will see two and three-year reduced by up to 45bps tomorrow.

In the same range, five-year fixes will fall by 25bps but trackers increase by 5bps

Within the lender’s residential new business range, 85% loan-to-value trackers will rise by 7bps.

At Coventry, previously announced reductions are now live.

Within its residential new business range, the cuts include all offset and interest-only deals.

Most two and three-year fixes between 65% and 85% LTV have come down as well as remortgage deals at 90% LTV.

There have been similar reductions to existing customer deals, as well as buy-to-let price cuts.

Yesterday, The Mortgage Works announced reductions of up to 20bps.