Accord has launched a set of mortgages for the new Help to Buy scheme that starts on 16 December.

The lender is offering two- and five-year fixes.

For a two-year fix, borrowers can choose from a 60 per cent LTV mortgage at 2.10 per cent with £495 fee and £500 cashback and a 75 per cent LTV product at 2.19 per cent with £495 fee and £500 cashback.

The five-year fixes consist of a 60 per cent LTV product at 2.16 per cent with £995 fee and £1,000 cashback and a 75 per cent LTV mortgage at 2.25 per cent with £995 product fee and £1,000 cashback.

All of the above also include a free valuation and can be used in Wales, which is using the existing scheme until 2022.

Accord Mortgages corporate account manager Nicola Alvarez says: “There are some key changes between the current and new scheme, most notably that all applicants must be first-time buyers, having never owned a home anywhere in the UK or the world.

“There are also regional caps, all the details of which can be found in our Growth Series Help to Buy guide. We are committed to supporting brokers with the transition as well as offering the dedicated new build support, underwriting and service brokers have come to expect from us.”