Accord is slashing selected residential fixed rates by up to 25 basis points tomorrow.

The biggest rate reductions will be on its products for borrowers with a 10% deposit.

The lender has emailed brokers to let them know that it is making the following rate cuts to resi deals for new customers from 8am on Thursday:

• 75% LTV fixed rates will be reduced by up to 20 bps
• 80% LTV fixed rates will be reduced by up to 10 bps
• 85% LTV fixed rates will be reduced by up to 15 bps
• 90% LTV fixed rates will be reduced by up to 25 bps

Fees on products with no incentives will also be reduced by £500.

The lender will be extending end dates to 31 October.