Accord Mortgages is reducing selected rates across its residential mortgages by as much as 0.53% effective 9am on 26 October. 

The intermediary-only lender will also reduce selected product fees by £500 and introduce a new 10-year fixed rate product at 75% loan-to-value (LTV) at 6.08%.  

The new range includes a five-year fixed rate of 5.70%, which has been reduced from 6.05%, at 75% LTV. It comes with a fee of £495, £500 cashback and a standard valuation, available for house purchase. 

In addition, the five-year fixed rate has been reduced from 6.35% to 5.90% at 90% LTV. It comes with a £495 fee, £500 cashback and standard valuation, available for house purchase.

The 85% LTV five-year fixed rate has also gone down from 6.15% to 5.80%. It comes with a £495 fee, £250 cashback, standard valuation and a remortgage legal service, available for remortgage.

Brokers helping clients with the smallest deposits will also benefit from improved rates at 95% LTV, with rate reductions of up to 0.52%. 

Accord Mortgages mortgage manager Gemma Hyland comments: “We’re pleased to be able to make rate reductions on selected products across our residential mortgage range as part of our commitment to supporting the market.”

Last week, Accord made changes to its buy-to-let (BTL) mortgage range. 

It introduced a new range of fixed rates at 60% loan-to-value (LTV), with various initial fixed terms, and rates starting at 5.55% for a five-year fix.