Accord Mortgages will cut rates on its residential range by up to 20 basis points from tomorrow (13 September). 

Yorkshire Building Society’s broker-only unit says the move is its second rate cut in as many weeks, following indications “that the economy may be stabilising”. 

Highlights among its reductions include: 

• A two-year fix up to 75% loan to value, available for house purchase, at 5.94% (from 6.14%), which comes with a £1,495 fee, £250 cashback and free standard valuation 
• A three-year fix up to 85% LTV for remortgage clients at 5.95% (from 6.10%), which comes with a £995 fee, remortgage legal service and free standard valuation 
• And a five-year fix up to 90% LTV at 5.60% (from 5.75%). This product comes with a £495 fee, £250 cashback, and free standard valuation 

Accord Mortgages mortgage product manager Gemma Hyland says: “These changes demonstrate our commitment to offering more competitive products and better value to brokers and their clients on an ongoing basis.” 

Last week, the business cut selected Cascade home loans, for borrowers who do not meet its standard scorecard, by up to 98bps, among other reductions.