Accord Mortgages has made rate cuts by up to 13 basis points at the higher LTV end of its mortgages and added two new 80 per cent LTV products.

Highlights of the rate cuts at 90 per cent LTV include the two-year fix being reduced from 3.48 per cent to 3.35 per cent and the five-year fix being cut from 3.57 per cent to 3.51 per cent.

Both products charge a £495 fee and come with £750 cashback and free standard valuation.

The lender has also cut the two-year fix with zero fee from 3.78 per cent to 3.65 per cent. This comes with £750 cashback and free standard valuation, too.

The two new 80 per cent LTV products consist of new fixed rates for purchase and remortgage clients.

They comprise a two- and five-year fix at 1.99 per cent and 2.20 per cent, respectively. These command a £995 fee and come with £300 cashback and free standard valuation.

Accord is also offering an 85 per cent LTV large loan two-year fix available at up to £2m, set at 2.74 per cent.

This too asks for a £995 fee and comes with £300 cashback and free standard valuation.

Accord mortgage manager Jemma Anderson says: “We’re pleased to have been able to make a number of reductions in our higher LTV mortgage range, giving brokers and their clients with smaller deposits more choice.”