Accord slashes rates by 0.10pc

Accord has also made alterations to early repayment charges and an extended end dates until 31 August on all products.

The lenders 3.89% 2-year and 3.99% 3-year products now include stepped ERCs while repayment charges on its 4.29% 5-year mortgage fall to 2% and 1% in the final 2-years of the fixed period. All Accord Buy to Let mortgages are available up to a maximum of 75% loan to value.

Toni Roberts, product manager at Accord, said: “Our low-fee products help us to provide a broad range of mortgages suitable for a variety of customers.

“The reduction in mortgage rate on these products will help to lower the costs for borrowers while the changes to the early repayment charges are also good news for them.”

All of the low fee products include £500 cashback on completion and are available for house purchase or remortgage.