Accord Mortgages is reducing rates across its residential range again this week.
It is the third time the intermediary-only lender has announced cuts in as many weeks.
Changes are effective from today and largely benefit borrowers with a smaller deposit.
The new range include cuts of as much as 0.46% on the 95% LTV Deposit Unlock range, which is available for those purchasing a new build house through the insurance-backed scheme.
Accord has also made reductions to its standard range, including discounts of up to 0.20% at 90% LTV and 0.30% at 85% LTV.
Products in the newly launched range include a five-year fix up to 95% LTV.
This is available for clients purchasing a new build house as part of the Deposit Unlock range, at 5.64% (was 6.10%).
It comes with a £495 fee, £250 cashback, and free standard valuation.
The lender is also introducing a two-year fix up to 90% LTV.
This is available for house purchase at 6.01% (was 6.21%) and comes with a £995 fee, £250 cashback and free standard valuation.
A five-year fix up to 75% LTV, available for house purchase, is now at 5.21% – down from 5.41%. This comes with a £1,495 fee and free standard valuation.
Accord has also extended product end dates to 31 January.
Accord mortgage manager Gemma Hyland says: “A fall in swap rates has allowed us to offer more competitive products across the range, plus we’ve taken this opportunity to extend end dates so that brokers and their clients can benefit from the best possible terms.
“Reducing rates on our higher LTV offerings in particular means that we can better support borrowers with less equity – which is key during these difficult times as many are struggling to realise their homeownership dreams.”
