Accord Mortgages is reducing some product rates from its residential and buy-to-let ranges by up to 18bps.

Within its buy-to-let range, the lender is trimming its two- and five-year remortgage products up to 75% LTV by up to 18bps. Accord is also extending its buy-to-let product end dates.

The intermediary-only lender is reducing fixed-rate residential products up to 75% LTV by up to 10bps, house purchase deals above 80% LTV by up to 11bps and remortgage options above 80% LTV by up to 5bps.

The new range is available from 8am on 13 August.

The newly-priced products will include a residential five-year fixed rate at 5.01% (was 5.11%) for remortgages at 65% LTV, which comes with no fee, free standard valuation and remortgage legal work.

Accord will also be offering a two-year fixed rate at 4.95% (was 5.05%) for house purchases at 75% LTV, which has a £495 fee and free standard valuation.

On the buy-to-let side, Accord will be selling a five-year fixed rate at 4.91% (was 5.09%) for remortgages at 75% LTV, which comes with a £995 fee, free standard valuation and remortgage legal work.

The lender will also be offering a two-year fixed rate at 4.85% (was 4.98%) for remortgages at 75% LTV, which comes with a £995 fee, free standard valuation and remortgage legal work.

Accord Mortgages managing director Jeremy Duncombe said: “We’re delighted to share this latest reduction in selected residential and buy-to-let mortgage rates, in line with our ongoing commitment to offering our brokers and their clients the best value possible.”

Kensington Mortgages will be raising residential rates tomorrow, but has not yet given details.