Accord has cut rates on two of its fixed rate residential purchase products.

These comprise the 75 per cent LTV  two-year product with £495 fee, £500 cashback and free valuation having its rate cut from 1.85 per cent to 1.75 per cent and the 75 per cent LTV five-year fix with the same fee and benefits having its rate reduced from 1.89 per cent to 1.86 per cent.

As well as this, the lender is bringing back £500 cashback deals for its remortgage products.

These include the 80 per cent LTV two-year fix at 1.87 per cent, the 85 per cent LTV two-year fix at 2.06 per cent, and the 85 per cent LTV five-year fix at 2.13 per cent.

All the remortgage deals above charge a £495 fee and have free valuation included.

Accord product manager Jemma Anderson says: “We’ve been looking at ways in which we can offer more support to brokers whilst the current lockdown is in place, so we’ve reduced our rates on selected house purchase products.

“We know there is a huge focus on clients who need to remortgage, so we’ve improved the incentives on some of our higher LTV range to offer a more competitive choice of deals.”