At Accord, residential and buy-to-let deals are set to be reduced tomorrow.

The biggest cuts are on residential new business rates at 90% loan-to-value, which are reducing by up to 18 basis points.

In the same range, fixed rates at 75%, 80% and 85% LTV will fall by up to 13 bps.

In the 65% LTV tier remortgage rates will be lowered by 10bps.

Accord is also lowering all buy-to-let new business fixed rates by 9bps.

Coventry has given brokers two days’ notice that it will be withdrawing a number of products at close of business tomorrow and reducing rates on Friday.

Within its residential range it is making the following changes for new borrowers:

• Closing all first-time buyer exclusive rates at 65%-85% LTV
• Closing all fixed rates at 80% LTV
• Reducing all fixed rates including offset and interest-only
• Extending all end dates

For existing residential borrowers it is making these changes:

• Closing all fixed rates at 80% LTV
• Reducing all all fixed rates including offset and interest-only
• Extending all end dates

For buy-to-let and company buy-to-let it is reducing all fixed rates for new and existing borrowers and extending end dates.