Accord Mortgages has cut rates across its product range aimed at first-time buyers and increased its cashback deals within its 95% LTV range.

Rate cut highlights include the 85% LTV two-year fix for purchase and remortgage being reduced from 2.45% to 2.37%. This comes with £300 cashback, a free standard valuation and charges a £995 fee.

For homebuyers only, the 90% LTV two-year fix has been cut from 3.30% to 3.22%. This product comes with £750 cashback, a free standard valuation and charges a £495 fee.

The 95% LTV two-year fix for homebuyers only, meanwhile, has been cut from 3.79% to 3.69% and offers £750 cashback, along with a free standard valuation. The fee comes in at £995.

Accord mortgage manager Jemma Anderson says: “We’ve made changes to our range at higher LTVs to give brokers supporting borrowers with smaller deposits more competitive choice.

“We’re pleased to be delivering better value to those choosing our smallest deposit mortgages, and with many potentially being FTBs, we’re sure the increased cashback will be welcome to help with the upfront costs associated with buying a home.”