Accord Mortgages has cut rates across its residential range.

The intermediary-only lender is reducing rates on selected two-year fixed products by up to 0.24%, with three-year deals falling by as much as 0.15%. Five-year fixed rates will also see reductions of up to 0.21%.

Among the updated products is a two-year fix at 5.18%, down from 5.42%, available at up to 95% loan-to-value for purchase cases. The deal carries a £495 fee, offers £300 cashback and includes a free standard valuation.

For those remortgaging, Accord’s new three-year fix at up to 90% LTV has been reduced from 5.06% to 4.91%. It comes with a £495 fee, a choice of £500 cashback or a remortgage legal service, and a free standard valuation.

Meanwhile, a five-year fixed rate up to 75% LTV for remortgage customers is now priced at 4.15%, down from 4.22%. That product includes a £1,495 fee, £500 cashback or legal service, and a free standard valuation.

To enhance value for borrowers, Accord is also extending end dates on the updated product range to 31 August.

Gemma Hyland, product manager for mortgages at Accord Mortgages, said: “We’re always looking for ways to deliver excellent value to our brokers and their clients. This is the latest example of how we are taking every opportunity to do this, and we’ll continue to do so as the year continues.”

The move marks Accord’s second rate reduction in recent weeks.