Accord Mortgages has issued 15 new products ranging from 75 per cent LTV options to 90 per cent LTV. It has also cut some rates.

For purchases and remortgages, new products include a 75 per cent LTV three-year fix at 1.98 per cent with £500 cashback and a 90 per cent LTV three-year fix at 3.74 per cent with £750 cashback.

Both products include a free valuation and charge a £495 fee.

For remortgage only, the lender’s new products include an 80 per cent LTV five-year fix at 2.53 per cent with £250 cashback and free legals and valuation.

Rate reductions on existing products comprise of cuts of up to 4 basis points and, among others, see the 75 per cent LTV five-year fix with £995 fee for purchase and remortgage come to 1.89 per cent and the 85 per cent LTV two-year fix with £995 fee come to 2.86 per cent.

Accord product manager Jemma Anderson says: “Despite the current lockdown, we know the appetite to move house or make home improvements is still strong and with the market remaining open for business, we want to make sure we offer brokers as comprehensive a choice of products as possible.

“By launching the three-year fixed rate at 90 per cent we are providing additional support to those with a low deposit and the fee-free products, which have been incredibly popular to date, help reduce initial costs for those on a budget.”