Accord Mortgages has reduced rates on fixed rate mortgages.

At 75% LTV, rates have been cut by 0.10 percentage points, while at 90% LTV rates are down by 0.20% percentage points.

“While some lenders have focussed on making their rates more competitive for lower LTV mortgages, we have made these changes to products across the range,” said Martin McIntosh, product manager for the intermediary lending subsidiary of Yorkshire Building Society.

Accord has also introduced two new fixed rate mortgages. Firstly, an 85% LTV mortgage fixed for two years at 4.59%, available for house purchase and remortgage, and secondly, a 90% LTV mortgage fixed for two years at 5.19%, with incentives, for house purchase only.