Accord Mortgages is making changes to its residential mortgage range.

The lender is improving rates and increasing cashback on selected mortgages across its higher loan to value (LTV) ranges, from Thursday 10 June.

Borrowers will be able to take advantage of new rates between 85% LTV and 95% LTV, with highlights including:

• Two-year fixed rate at 2.37% (was 2.45%) at 85% LTV, available to house purchase and remortgage customers, which comes with a £995 fee, £300 cashback and free standard valuation.
• Two-year fixed rate at 3.22% (was 3.30%) at 90% LTV, available to homebuyers only, which comes with a £495 fee, £750 cashback and free standard valuation.
• Two-year fixed rate at 3.69% (was 3.79%) at 95% LTV, available to homebuyers only, which comes with a £995 fee, £750 cashback and free standard valuation.

Accord has also increased cashback on selected 5% deposit mortgages, by up to £750.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’ve made changes to our range at higher LTVs to give brokers supporting borrowers with smaller deposits more competitive choice.

“We’re pleased to be delivering better value to those choosing our smallest deposit mortgages, and with many potentially being first-time buyers, we’re sure the increased cashback will be welcome to help with the upfront costs associated with buying a home.”