Accord has kicked-off the New Year by cutting rates and adding cashback on some of its mortgages.
The lender, which only works with intermediaries and is part of Yorkshire Building Society, said it had reduced the rates on residential mortgages by up to 0.3 per cent.
This puts a five-year fix for homeowners with a five per cent deposit at 4.4 per cent with £500 cash back.
Other deals include a 1.88 per cent two-year fix with £500 cashback on completion, free standard valuation and no product fee for 75 per cent loan to value, and a three-year fix at 2.40 per cent at 90 per cent LTV with £250 cashback on completion, free standard valuation and free legal fees. This is available to remortgagers and comes with a £495 fee.
The mortgages represent just one example of a slew of cuts across many providers since the New Year.
David Robinson, national intermediary sales manager at Accord, said: “There are a number of highly competitive deals across the mortgage market at the moment, which is great news .
"We know that cashback is a popular incentive choice for borrowers so they may appreciate having extra cash in their pocket when they secure their next home loan.”
But Ray Boulger, technical Manager at John Charcol, said that although cashback was welcome, particularly for first-timer buyers with small deposits, there were still better deals available.
These include a five year fixed rate at 95 per cent from Newcastle for 3.95 per cent with a £999 fee, he said.
"If you need cashback, Bank of Ireland has a fee free 4.1 per cent mortgage with £500 cashback and the Post Office one at 4.14 per cent with £750 cashback," he added.