Accord will cut rates across its residential range by as much as 25 basis points from Monday (18 December).  

Yorkshire Building Society’s broker-only lender says two-year purchase deals are up to 25bps lower, while five-year offers are down by up to 20bps.  

Among its remortgages, three-year products are reduced by 20bps, two-year deals by 15bps, and five-year offers by 10bps.  

It adds that 10-year products – available across all types of borrowers – fall by 20bps.

Highlights include:  

• Two-year purchase fixes up to 75% loan to value, at 5.16% (from 5.41%), with a £1,495 fee and free standard valuation  
• Three-year remortgage fixes up to 85% LTV, at 5.35% (from 5.55%), with a £995 fee, free standard valuation and remortgage legal services  
• Fee-free five-year purchase fixes up to 95% LTV, at 5.51% (from 5.71%), with £250 cashback and free standard valuation  

Accord mortgage manager Gemma Hyland says: “Having reviewed market conditions, we’re taking the opportunity to reduce our rates again, offering brokers and their clients even better value.  

“This is our latest in a series of reductions, which we hope will once again prove welcome in this volatile environment when we know people are really struggling to keep their costs down.”