Accord Mortgages has cut its residential rates by up to 0.15 percentage points across its two-year fixed rate range, with some mortgages including £250 cash back on completion and a free standard valuation.

There are cuts of 0.10 percentage points on selected mortgages at 65% loan-to-value (LTV), with rates including:

• A 1.89% two-year fixed rate mortgage with a £345 product fee, free standard valuation and £250 cash back on completion
• A 1.74% two-year fixed rate mortgage with a £345 product fee

At 75% LTV, rates have also been reduced by 0.10 percentage points with customers being offered:

• A 1.79% two-year fixed rate mortgage with a £845 product fee;
• A 1.84% two-year fixed rate mortgage with an £845 product fee, free standard valuation and £250 cash back on completion;
• 1.94% two-year fixed rate mortgage with  a £345 product fee, free standard valuation and £250 cash back on completion

80% LTV deals have been reduced by 0.15 percentage points:

• A 2.19% two-year fixed rate mortgage with a £345 product fee, free standard valuation and £250 cash back on completion;
• A 2.09% two-year fixed rate mortgage with an £845 product fee, free standard valuation and £250 cash back on completion.

At 85% LTV, mortgage rates have also been reduced by 0.15 percentage points, with the range including:

• A 2.34% two-year fixed rate mortgage with an £845 product fee;
• A 2.44% two-year fixed rate mortgage with a £345 product fee;
• A 2.44% two-year fixed rate mortgage with  an £845 product fee, free standard valuation and £250 cash back on completion
• A 2.54% two-year fixed rate mortgage with a £345 product fee, free standard valuation and £250 cash back on completion

There are also rate reductions of 0.10 percentage points on 90% LTV two-year fixed rate mortgages and 0.05 percentage points on 95% LTV two-year fixed rate mortgages.

David Robinson, national account manager at Accord Mortgages, said: “We are always looking for ways to offer homebuyers and brokers choice and value across our range. The changes include popular incentives such as cash back and free standard valuations, which complement the high standard of customer service and competitive mortgage rates you’d expect from Accord.

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