Accord Mortgages has unveiled a new range of residential and buy-to-let products, introducing rate reductions across much of its portfolio and a £500 cashback incentive aimed specifically at first-time buyers.

The new range offers fixed residential rates from 4.51% up to 90% loan-to-value (LTV), with options up to 95% LTV starting from 5.04%. The buy-to-let range for landlords includes two-year fixes from 4.05% up to 75% LTV, and five-year products from 4.27%, with rates starting from 4.83% on two-year loans up to 80% LTV.

A key feature of the launch is a suite of first-time buyer products, which include a £500 cashback payment on mortgages up to 95% LTV to help towards moving costs.

Among the highlights of the new residential range is a two-year fix at 4.51%, available exclusively to first-time buyers at 90% LTV, with a £495 fee, £500 cashback and free valuation.

Also featured is a three-year fixed rate at 4.26% (previously 4.33%) for remortgagers at 75% LTV, which comes with a £495 fee, free valuation and remortgage legal service.

For house purchasers, there is a fee-free five-year fix at 4.51% (previously 4.58%) up to 85% LTV, which includes £300 cashback and free valuation.

In the buy-to-let range, landlords can access a five-year fixed rate at 4.17% up to 60% LTV for house purchase, down from 4.21%, with a £1,995 fee and free valuation. A two-year fix at 4.35% (previously 4.38%) is available for remortgages up to 75% LTV, with a £995 fee, free valuation and remortgage legal service.

There is also a five-year fix for remortgagers up to 60% LTV, now at 4.27% (previously 4.31%), with the same benefits.

Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re always keen to pass on additional value to our brokers and their clients – whether they are looking to buy a home, remortgaging or funding a buy-to-let property, and so we’re really pleased to have been able to launch this range offering cheaper rates across many products.”

He added: “The exclusive cashback offering for first-time buyers, aimed at helping them with the significant costs incurred by moving into their first home, is the latest example of our commitment to helping this particular group of borrowers to secure a footing on the housing ladder.”