Accord will add new products and cut rates by up to 0.36% across its residential mortgage range from 11 January.

The intermediary-only lender will introduce new products for clients with a 20% deposit, with options available for both house purchase and remortgage, some with no product fee.

In addition, it is reducing rates by up to 0.36% on new-build products at 90% loan-to-value (LTV), with rates lowered by 0.24% on products at 95% LTV.

Meanwhile, rates at the lower LTVs will be reduced by up to 0.15%.

Highlights of the new range include a five-year fixed rate of up to 80% LTV at 4.74%, available for remortgage clients, with a £495 product fee, £250 cashback, remortgage legal service and free standard valuation.

There will also be a fee-free two-year fix to 80% LTV at 5.62%, with free standard valuation and £500 cashback, available for home purchase.

A five-year fix to 90% LTV, available for new-build houses, will be 5.30%, down from 5.66%, with free standard valuation, a product fee of £495 and £250 cashback and a 95% LTV five-year fix is being reduced to 5.30% from 5.54%, with a £495 completion fee and £750 cashback, available for home purchase.

Accord mortgage product manager Gemma Hyland says: “Having reviewed market conditions following the Christmas break, we’re taking the opportunity presented by falling market interest rates to reduce our product rates again, as well as introducing a new suite of products at 80% LTV, offering brokers and their clients even better choice and value.”

“We hope that reducing rates across LTVs will support a variety of borrowers, especially in the current environment, where people are really struggling when it comes to controlling their costs, no matter where they are in their homeownership journey.”