Accord Mortgages is taking the opportunity presented by falling swap rates this week, to cut rates on its residential range at the higher LTVs (loan-to-values).

Changes to the standard product range offer reductions of as much as 0.20% at 95% LTV, however, the most significant changes include rate cuts of up to 0.98% on the intermediary-only lenders’ Cascade-Score range.

The Cascade range was introduced in April last year to give an alternative option to advisers whose clients don’t meet Accord’s higher loan LTV scorecard but do meet its standard one.

From 8am on 6 September, products in the new range will include:

• A fee-free five-year fixed rate up to 95% LTV at 6.12% (was 6.32%), available for house purchase, which comes with free standard valuation
• A two-year fix to 85% LTV for house purchase will be 6.31%, down from 6.47%, with free standard valuation, a £995 product fee and £250 cashback
• A fee-free five-year fix at 90% LTV at 5.87% (was 5.92%), for remortgaging, which comes with remortgage legal service and free standard valuation
• And a two-year fixed rate, available for Cascade Score clients, up to 90% LTV, at 6.75% (was 7.72%), which comes with a £1,495 fee and free standard valuation, for clients purchasing a home.

Accord mortgage product manager Gemma Hyland comments: “We’re so pleased to add more competitive products to the range, especially at higher LTVs – which should be good news for those with a smaller deposit.

“Offering better value on some of our more niche products, including our Cascade Score ones, means that we can also help a wider range of borrowers to fulfil their home ownership aspirations.”