Accord Mortgages has launched what it has hailed a “market-leading” seven-year fix and cut rates on selected five and 10-year fixes.

The seven-year fixed rate mortgage is for borrowers requiring 75% loan to value (LTV) at 2.34%. Available to both homebuyers and those remortgaging, the home loan comes with a completion fee of £495.

There is an improved rate on Accord’s 10-year fix at 2.40% until 2029, which comes with a £495 completion fee and free standard valuation.

Selected five-year fixed rate mortgages are also being reduced by up to 0.02 percentage points.

Jemma Anderson, product manager at Accord Mortgages, said: “With continued economic uncertainty we know from feedback that some borrowers are looking to fix their home loan for longer, so we’ve amended our mortgage range to give brokers and their clients more competitive choice.”

Accord is also boosting the cashback offered to borrowers with less equity as an extra £250 cashback will be available on selected remortgages at 95% LTV.