Accord has reduced rates on products at its 90 per cent and 95 per cent LTV tiers by up to 0.3 per cent.

Highlights include the 95 per cent LTV five-year fix sliced from 3.59 per cent to 3.29 per cent, and the 95 per cent LTV two-year fix cut from 3.26 per cent to 3.22 per cent.

Both deals include a £495 fee, free valuations, free legals and £1,000 cashback, increased from £750 and £500, respectively.

A 95 per cent LTV five-year fix has been reduced from 3.69 per cent to 3.49 per cent. This offering has no fees, free valuations, free legals and £1,000 cashback, which has been upped from £500.

Additionally, the lender has cut rates on the 90 per cent LTV two-year fix from 2.39 per cent to 2.34 per cent, and on the 90 per cent LTV two-year fix from 2.40 per cent to 2.38 per cent.

Both deals include free valuations, £1,000 cashback, a £495 fee, and the latter offering, which is for remortgages only, also includes free legals.

For first-time buyers, the 90 per cent LTV two-year fix has been cut from 2.39 per cent to 2.34 per cent. This product has free valuations, a £495 fee and £1,250 cashback.

Accord Mortgages product manager Jemma Anderson says: “Whether you are starting the year with a house purchase, or looking to remortgage an existing property, these changes should offer customers wanting to make the most of their finances in 2020 a range of options.

“We know brokers are looking for additional benefits, so we have improved cashback on selected products.”