Accord Mortgages is reducing rates this week for the second time in a month.

The changes include reductions to the residential range of up to 10 basis points (bps) on the intermediary-only lender’s 10-year fixed rate product, and selected two-year products are reduced by 4bps. Five-year fixes are going down by 6bps.

The buy-to-let range for landlord clients sees fixed rates reduce by 5bps across the board.

The changes come into effect from tomorrow (12 December) and include:

• A fee-free two-year fix up to 75% loan-to-value (LTV) at 5.09% (was 5.13%), for house purchase, with £500 cashback and free standard valuation
• A five-year fix up to 85% LTV at 5.05% (was 5.11%) for those remortgaging, with a £495 fee, free standard valuation and remortgage legal service
• And a two-year fix up to 95% LTV at 6.17% (was 6.21%) for those purchasing a home, with a £495 fee, £250 cashback and free standard valuation.

And for landlords seeking a buy-to-let mortgage:

• A fee-free two-year fix at 5.09% (was 5.14%) for house purchasers and those remortgaging up to 60% LTV, which comes with free standard valuation
• A three-year fix at 4.84% (was 4.89%) for those remortgaging up to 65% LTV, with a £995 fee, free standard valuation and remortgage legal service
• And a five-year fixed rate at 4.79% (was 4.84%) for those remortgaging up to 75% LTV, with a £1,995 fee, free standard valuation and £250 cashback.

Gemma Hyland, mortgage product manager for Accord, said: “We’re so pleased to be able to trim rates again for the second time this month, responding to changes in market conditions.

“We’ll continue to closely monitor market developments as we approach the end of the year and into next, to ensure we’re providing the best possible value for our brokers and all of their clients.”