Accord has reported a record-breaking month, receiving its highest-ever value of mortgage applications in May.

Applications totalled more than £900m last month, the highest value of home loans ever requested in a single month.

Accord said it had maintained its service levels, ending the month with the underwriting team assessing applications within two working days and processing 82% of post within 48 hours.

Jeremy Duncombe (pictured), Accord’s director of intermediary distribution, said: “We are delighted to have achieved this outstanding value of applications in such a competitive environment. It is testament the excellence and hard work of everyone in the team that Accord can continue to break records in such a tough mortgage market.

“We continually strive to ensure brokers and their clients can access competitive mortgages where underwriters have the autonomy to make flexible, common-sense lending decisions, and our business development team is empowered to help. We’d like to say a massive thank you to our brokers, who have trusted Accord to deliver the right result for their clients in a quick and efficient manner.”

The intermediary-only lender, which is part of Yorkshire Building Society Group, has also reduced 12 of its range of 75% and 80% loan-to-value mortgages, with rates dropping by up to 0.07 percentage points.

The reductions are across both remortgage and house purchase, with offset options available on selected products. All mortgages have cashback and some of the remortgage options include free legal fees.

Deals include a two-year fixed rate at 1.89%, with £500 cashback and a £495 product fee, as well as a two-year fixed rate offset, available at 2.22% with the same product fee and incentives. Both are available on remortgage only.