Rates for two year fixes will be reduced by 0.10% while three and five year fixes will be reduced by 0.15%.
Rates have also been cut on Accord’s low fee, low loan size products up to 85% LTV, with two year fixes for those wanting to borrow up to £150,000 starting from 4.29% with a £495 fee.
Steve McAvan, group intermediary manager for mortgages, said: “We have taken the decision to cut rates on our 85% LTV mortgage range following recent swap rate movements.
“The range offers a broad spectrum of choices for borrowers with a 15% deposit, including products with low fees and incentives which could be particularly useful for first-time buyers. We like to ensure brokers have a range of deals to choose from when seeking to meet the needs of their clients.”
