Accord Mortgages has cut up to 0.45 percentage points from the cost of its 85% LTV fixed rate deals as part of its newly launched product range.

The new range includes a two-year fixed rate at 3.74% with a £995 fee a five-year fixed rate at 4.64% with a £995 fee and a two-year tracker BoE +2.89% with a £995 fee.

The newly re-priced range sees rates on 75% LTV fixes being cut by up to 0.25 percentange points. It includes offset options and deals designed for first-time buyers offering a range of incentives including cashback and free valuations.

Steve McAvan, group intermediary product manager at Accord, said: “Recent movements in swap rates have given us the opportunity to shave the rates on our fixed rate deals.