Accord Mortgages has launched a series of new 90% loan-to-value residential mortgages with rates up to 0.40 percentage points lower than the products they are replacing.

New products include:

• Two-year fixed rate at 4.14% with £995 product fee
• Two-year fixed rate at 4.34% with £495 product fee and remortgage / purchase package
• Five-year fixed rate at 4.44% with £995 product fee

The range, which is available for house purchase or remortgage, includes products offering cashback on completion of up to £250 and valuation assistance.

Jemma Smith, Accord’s product manager, said: “These are very competitive rates which will appeal to people with smaller deposits.

“We try to support all types of borrowers across the various loan-to-value levels and first time buyers in particular should really benefit from these new mortgages.”