Accord Mortgages has cut rates on its fixed rate mortgages at 65% LTV.

The intermediary-only lender has reduced rates on two, three and five-year mortgages.

Borrowers with a 35% deposit can now get a two-year fixed rate mortgage at 1.54% with an £845 product fee.

Other products in the 65% LTV mortgage range include:

• 1.74% two-year fixed rate with a £345 product fee, £250 cashback on completion and free standard valuation
• 1.59% two-year fixed rate with a £345 product fee

There are also reduced rates for borrowers looking for a longer fixed rate mortgage at 65% LTV:

• 2.14% three-year fixed rate mortgage with an £845 product fee
• 2.24% three-year fixed rate mortgage with an £845 product fee and £250 cashback on completion and free standard valuation
• 2.34% five-year fixed rate mortgage with an £845 product fee

Rates have also been reduced for borrowers looking to remortgage, including added incentives such as free standard legal services. Such deals include:

• 1.74% fixed rate at 65% LTV with a £345 product fee, free standard valuation and free standard legal services
• 1.79% fixed rate at 75% LTV with a £345 product fee, free standard valuation and free standard legal services
• 1.94% fixed rate at 80% LTV with a £345 product fee, free standard valuation and free standard legal services.

David Robinson, national intermediary sales manager at Accord, said: “We think these latest rate reductions will appeal to brokers and borrowers looking for value for money from their fixed rate mortgage. Cashback on completion and free standard valuations help borrowers to keep down the upfront costs of taking out a mortgage.

“We are confident the highly competitive rates on offer will make these mortgages appealing to brokers and borrowers.”

Rates have also been reduced on fixed rate mortgages from 75% to 85% LTV.