Accord Mortgages has made changes to its residential range at higher loan to values (LTVs).

The updated range features rate cuts of up to 0.25 percentage points on selected products at 80% LTV and above. The intermediary-only lender is also increasing cashback on selected products.

Highlights of the improved range include:

• A two-year fixed rate at 1.93% (was 1.97%) at 80% LTV, available for both house purchases and remortgage, which comes with a £995 fee, £1000 cashback and free standard valuation
• A two-year fixed rate at 2.27% (was 2.34%) at 85% LTV, available for house purchase and remortgage, which comes with a £995 fee, £1000 cashback and free standard valuation
• A three-year fixed rate at 3.13% (was 3.38%) at 90% LTV, available for remortgage clients, which comes with a £495 fee, £750 cashback, free remortgage legal service and free standard valuation
• A five-year fixed rate at 3.16% (was 3.32%) at 90% LTV, available for house purchase, which comes with a £495 fee, £1000 cashback and free standard valuation

Clients wishing to purchase a home with just a 5% deposit also have access to deals including a two-year fix at 3.56% (was 3.69%), which comes with a £495 fee, £1,000 cashback and free standard valuation.

All products at 75% LTV remain unchanged, as do all Help to Buy and New Build products at 90% LTV.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’re committed to supporting the market, and hope these latest changes offer brokers and their clients better value, especially for those looking to secure a mortgage with a smaller deposit.”