Accord has cut rates on selected fixed rate deals by up to 12 basis points.

The lender has trimmed its 90 per cent LTV two-year fix for purchase and remortgage from 2.07 to 2.02 per cent a £995 fee. 

For purchase borrowers seeking a larger loan of up to £600,000:

At 90 per cent LTV, its two-year fixed rate at 2.26 per cent has been reduced to 2.16 per cent with a £995 fee, with free valuation and £500 cashback. 

At the same LTV its five-year fixed has come down from 2.49 to 2.4 per cent, also with a £995 fee, £500 cash back and free valuation.

For remortgage borrowers up to £600,000 ts 90 per cent LTV five-year fixed has come down from 2.48 to 2.41 per cent with £500 cashback, free legals and valuation.

In its 15-year fixed rate its 75 per cent LTV deal has come down from 2.89 to 2.77 per cent, with £495 fee and free valuation.

Its 10-year fixed rate at 75 per cent LTV has been cut from 2.32 to 2.29 per cent and its seven-year fixed has come down from 2.3 to 2.27 per cent, both with £495 fee and free valuation.

Product manager Jemma Anderson says: “It’s been a positive start to the year, so we reviewed our range to ensure we’re offering a competitive mix for brokers.

“We’ve reduced rates on a selection of longer terms, higher LTVs and our larger loan products so whether it’s a client who has decided to purchase now things are more settled, or looking to remortgage for a better deal, we hope brokers will benefit from the increased choice.”