Accord Mortgages has launched a new five-year fixed rate residential range, which includes the option of added incentives on selected products.

The new mortgages from the intermediary-only lender are available to borrowers with a 25% or 20% deposit and all have a £845 fee. The range has options to suit both those looking to remortgage or buy a home, and is complimented by reductions of up to 0.65 percentage points on Accord’s existing five-year offerings.

The range is available with the incentives of £250 cashback on completion and free standard valuation for house purchases, or free standard valuation and legal fees for remortgages.

New deals include:

• 2.49% five-year fixed rate mortgage at 75% LTV, with a £845 product fee
• 2.59% five-year fixed rate mortgage at 80% LTV, with a £845 product fee
• 2.89% five-year fixed rate mortgage at 85% LTV, with a £345 product fee
• 3.39% five-year fixed rate mortgage at 90% LTV, with £845 product fee

Borrowers looking to buy a home with a 5% deposit can get a 4.49% five-year fixed rate mortgage, with no product fee and £750 cashback on completion and free standard valuation. First-time buyers will get an additional £500 cashback on completion, bringing the total cashback to £1,250.

There are also reductions on Accord’s three-year fixed mortgage range with added incentives for borrowers with a 25% or 25% deposit.

David Robinson, national intermediary sales manager at Accord Mortgages, said: “We are always looking at ways to offer borrowers value for money and we believe that these mortgages will prove very attractive to those customers who are looking for a competitive rate with the security of knowing what the exact repayments will be for the next five years.

“We believe these changes provide borrowers with a wide range of competitive options and will prove extremely popular with brokers.”