Accord Mortgages has made a number of rate reductions across its 90% and 95% loan to value (LTV) range.

For remortgage customers, as well as rate reductions, cashback on selected 95% LTV products has been increased on both two and five-year fixed rates.

New rates are as follows:

• A 95% LTV two-year fixed rate is now 3.22% (was 3.26%) with £495 fee, free valuation, free legals and £1000 cashback (was £750)
• A 95% LTV five-year fixed rate is now 3.29% (was 3.59%) with £495 fee, free valuation, free legals and £1,000 cashback (was £500)
• A 95% LTV fee-free five-year fixed rate is now 3.49% (was 3.69%) with free valuation, free legals and £1,000 cashback (was £500)

At 90% LTV, remortgage customers can choose a two-year fixed rate at 2.38% (was 2.40%) with free legals, free valuation, £1,000 cashback and £495 fee.

Those wishing to purchase at 90% LTV can now get a two-year fixed rate at 2.34% (was 2.39%) with free valuation, £1,000 cashback and a £495 fee.

For first-time buyers, the two-year fixed rate at 90% LTV has now been reduced to 2.34% (was 2.39%) and comes with free valuation, £495 fee and £1,250 cashback.

Jemma Anderson, Accord product manager said: “Whether you are starting the year with a house purchase, or looking to remortgage an existing property, these changes should offer customers wanting to make the most of their finances in 2020 a range of options.

“We know brokers are looking for additional benefits, so we have improved cashback on selected products.”