Accord Mortgages has reduced rates on a range of fixed rate mortgages by up to 0.24 percentage points.

The intermediary-only lender has cut rates at the 75%, 80%, 85% and 90% loan-to-values (LTVs), across two, three and five-year terms.

Available to house purchase customers is a five-year fixed rate mortgage at 2.20% for those with a 20% deposit, or at 85% LTV there is a 2.39% deal.

Both mortgages include the additional features of £250 cashback on completion and free standard valuation and come with a £995 product fee.

Those who want to fix for a shorter period can opt for a three-year offering at 2.37% at 90% LTV, which is available to both buyers and borrowers looking to remortgage and comes with a £995 product fee.

In addition, Accord has launched a 2.76% three-year fix at 90% LTV option for home buyers which comes with no up-front fees plus £250 cashback on completion and free standard valuation.

David Robinson, Accord’s national intermediary sales manager, said: “We are sure the new rates will prove attractive to brokers and borrowers, and we are keen to offer mortgages that deliver value for money to our customers with features like cashback on completion.

“The five-year rate reductions will appeal to borrowers looking for the security of fixing their mortgage repayments to a competitive rate for a longer period.”