Accord Mortgages is cutting rates across its residential range in a move designed to support first-time buyers and others with the smallest deposits.

The intermediary-only lender will lower selected two- and five-year fixes by up to 0.10%, while three-year fixes will reduce by as much as 0.14%.

The refreshed range, effective from tomorrow (2 October), places particular emphasis on 95% loan-to-value (LTV) products.

Headline changes include a fee-free two-year fix at 5.44%, down from 5.54%, for house purchasers at 95% LTV, which comes with £300 cashback and a free standard valuation. In addition, a three-year fix at 5.30%, reduced from 5.44%, will be available with a £995 fee and free valuation.

The lender has also repriced its £5K Deposit Mortgage, which allows buyers to purchase a home worth up to £500,000 with just £5,000 down. First-time buyers taking this route can now access a fee-free five-year fix at 5.39%, previously 5.49%, with a free valuation included.

Accord has extended product end dates to 31 January to provide longer-term value for brokers and their clients.

Aidan Smith, product manager for mortgages at Accord Mortgages, said: “We’re always looking for ways to improve the value we offer to our brokers and their clients, which is why I’m delighted to introduce this range refresh, especially focussing on the help we can offer to borrowers with the lowest deposit, who may be looking to get onto the property ladder for the first time.”