Accord Buy To Let has reduced the rates of five-year fixed term products.

Among the reductions, those looking to purchase with a 40% deposit access a fee-free five-year fixed rate of 2.33% (was 2.42%) with £500 cashback and free valuation.

Landlords wanting to remortgage have access to the same free-free rate at 60% LTV and can choose between £250 cashback and free legals and free valuation, or £500 cashback and free valuation.

The intermediary lender is also launching two new fee-free products at 65% LTV for both house purchase and remortgage customers.

The five-year fixed rate products at 2.57% come with £500 cashback and free valuation.