Accord Mortgages is introducing a 0.99% two-year fixed rate mortgage for borrowers at 80% loan to value (LTV).

The deal, which the lender says is the lowest rate at that LTV ever, is available from Tuesday 19 September for a limited period.

It is on offer to both home buyers and remortgage customers and comes with a £1,495 product fee plus free standard valuation.

David Robinson, national intermediary sales manager, at Accord said: “We have a reputation for offering competitive rates. We’re really proud to launch this new deal as not only is it our lowest ever rate it’s also one of the most competitive mortgages available across the market at present.

“This new mortgage is available to any borrower with a minimum deposit of 20% and gives brokers the chance to proactively contact clients who are looking to snap up a great rate. This offer will not be around for long so anyone who is interested will need to act fast. We will give brokers 24 hours’ notice before we take the mortgage off-sale.”