Accord Mortgages is reducing interest rates on 24 of its product transfer products by up to 0.10 percentage points.

The improved rates are available across two and five-year terms.

Highlights of the revised range include:

• Five-year fixed rate at 75% loan to value (LTV) at 2.04% (was 2.14%) with no fee
• Five year fixed rate at 75% LTV at 1.78% (£495 fee)
• Two year fixed rate at 65% LTV at 1.43% (£995 fee)

Jane Childs, Accord product manager, said: “Now, more than ever, homeowners should seek advice when their mortgage term ends. These changes ensure we are offering a competitive product range to brokers, with multiple options to suit different client needs.

“We’ve invested a great deal into getting our product transfer process right, ensuring all communication explicitly directs customers to their broker and having an online system which is simple, efficient and takes just a few minutes to complete.”