Accord Mortgages will cut buy-to-let rates by up to 22 basis points on Monday 5 July to landlords with larger deposits.

The broker-only arm of the Yorkshire Building Society says the reductions will come in its 60% and 65% loan-to-value ranges, adding it will launch new products across the range up to 75% LTV.

The products also come with additional fee and incentive combinations.

Highlights include:

A two-year fixed-rate loan at 1.83%, down from 2.01%, at 60% LTV, available for house purchase and remortgage, which comes with a £495 fee, £250 cashback and free standard valuation.

A five-year fixed-rate offer at 1.78%, from 1.83%, at 60% LTV, available for remortgage, which comes with a £1995 fee, £500 cashback and free standard valuation.

And a two-year fixed-rate product at 1.75%, from 1.97%, at 65% LTV, available for house purchase and remortgage, which comes with a £995 fee and free standard valuation.

New products in the range include a two-year fixed-rate loan at 1.48%, for remortgage with a 40% deposit, which comes with a £1995 fee, £500 cashback and free standard valuation.

For landlords looking to purchase a property with a 25% deposit, products include a two-year fixed-rate deal at 1.91%, with a £1495 fee, £300 cashback and free standard valuation.

Accord BTL mortgage manager Simon Garner says: “We’re pleased to introduce this improved range, which offers even better value to those with a larger deposit.

“We hope that, with additional fee and incentive combinations, it will really improve customer choice and allow brokers and their landlord clients to find the best option to suit their individual requirements.”

Last month, the lender said it would relax its criteria for landlords by removing the cap on the amount of secured debt they can consolidate when remortgaging.