Accord Mortgages has unveiled two new two-year fixed rate 95% loan to value (LTV) products and cut the rate of its five-year fixed rate.

The intermediary only lender was the first to re-enter the 95% LTV market back in March.

Products available are a two-year fixed rate of 3.79%, which comes with a £995 product fee, free standard valuation and £250 cashback, or a fee-free rate of 3.98%, which also comes with free standard valuation. Both mortgages are available to house purchase customers only.

Accord has also reduced the rate on its five-year fixed rate mortgage to 3.89% (was 3.99%), available with a £995 product fee and free standard valuation.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “We’re really pleased to introduce two-year fixed rates to our 95% LTV range, giving brokers more choice for their clients with the smallest deposits.”