Accord Mortgages has cut two year fixed rate mortgages, which now start from 3.89%, and added five year fixed rate products starting from 4.39%.

New deals include include:

• 3.89% two year fixed rate mortgage at 90% LTV for house purchase and remortgage with £1,845 completion fee
• 4.14% two year fixed rate mortgage at 90% LTV with £345 completion fee, and either £250 cashback for home purchasers, or free valuation and free legal assistance for remortgage customers
• 4.39% five year fixed rate mortgage at 90% LTV for house purchase and remortgage with £1,845 completion fee
• 4.64% five year fixed rate mortgage at 90% LTV for remortgage with £345 completion fee, free valuation and free legal assistance

Accord Mortgages’ product manager Jemma Anderson said: “Our rates for short term fixed rate mortgages at 90% LTV were already competitive and we’ve reduced these to improve our offering to customers with smaller deposits.

“We’re also improving choice for customers who are seeking longer-term products at 90% LTV. The range includes offset options to enable borrowers to make use of their savings to bring down their monthly repayments or reduce the term of their mortgage.”