Accord Mortgages has cut its residential five-year fixed rate range by up to 0.20 percentage points, with certain deals offering £250 cashback on completion and free standard valuation.

There are reductions of 10bps on selected mortgages at 65% loan-to-value (LTV), with rates including:

• A 2.69% five-year fixed rate with an £845 product fee
• A 2.79% two-year fixed rate with a £345 product fee

At 75% LTV, customers are being offered:

• A 2.79% five-year fixed rate with an £845 product fee
• A 2.89% five-year fixed rate with a £345 product fee

Borrowers with an 80% LTV can access these new rates, which have been reduced by 20bps:

• A 2.94% five-year fixed rate with an £845 product fee
• A 3.04% two-year fixed rate with an £845 product fee, free standard valuation and £250 cash back on completion
• A 3.14% five-year fixed rate with a £345 product fee, free standard valuation and £250 cash back on completion

“We think these new mortgages will appeal particularly to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years,” said David Robinson, national intermediary sales manager at Accord Mortgages.

“The rates and incentives are complemented by the high standard of customer service you’d expect from Accord.

“We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”