Accord Mortgages has introduced a new 10-year fixed rate mortgage.

Homebuyers with a 25% deposit can benefit from a rate of 2.49% with free standard valuation and a £495 product fee. The 10 year fixed is available to remortgage customers too.

Accord has also improved its rates at 90% and 95% loan to value (LTV) to support borrowers with smaller deposits. Selected five year fixed rates at 90% have been reduced by up to 0.10 percentage points as have selected two and five year fixed rates at 95%.

Highlights of the new 90% LTV product range include a five year fixed rate at 2.53% with £1,000 cashback, free standard valuation and £495 product fee for those purchasing a property.

Borrowers with 10% equity looking to remortgage can now get a five-year fixed rate of 2.55%. This mortgage comes with a £495 product fee, £1,000 cashback, free legal assistance and free standard valuation.

For those buying a new home, highlights of the new 95% LTV product range offering £1,000 cashback, free standard valuation and £495 product fee include:

• Two-year fixed rate at 3.12%
• Five-year fixed rate at 3.42%

Accord has also reduced rates for remortgage customers with 5% equity, with a fee-free two year fixed rate now available at 3.47% with £500 cashback, free legals and free valuation.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “It’s a pretty uncertain time at present, so we’re delighted to launch the new 10 year fixed rate which we hope will offer brokers with clients seeking stability a product which enables them to manage their longer term finances.

“We’re continually reviewing the range based on broker feedback and as a result, to assist borrowers with a smaller deposit we’ve improved our higher LTV rates as well as offering £1,000 cashback and free standard valuation to help manage the costs of moving house.”