Accord has launched a range of mortgage deals and reduced its rates, in a bid to help borrowers and first time buyers with small deposits.
The intermediary-only lender, which is part of the Yorkshire Building Society Group, has launched three 90 per cent loan-to-value mortgages.
Jemma Anderson, mortgage product manager for Accord Mortgages, said she expected the products to appeal to first time buyers.
These new deals include a two-year fixed rate mortgage at 2.24 per cent with a £995 fee, available to both remortgage and house purchase customers.
Also a two-year fixed rate mortgage at 2.32 per cent with a £995 fee, plus £250 cashback on completion and free standard valuation for purchase customers.
Finally a five-year fix at 2.96 per cent with a £995 fee, available with free standard valuation and free legal fees for remortgaging borrowers, and £250 cashback on completion.
Ms Anderson said: “We recently removed our mortgage application processing fee, which gives brokers and their clients the assurance that no product fees need to be paid until the mortgage has completed.
“We hope this, plus the option of added incentives on our 90 per cent LTV mortgages, will help to reduce the upfront costs for first-time buyers looking to get a foot on the property ladder.”
Matthew Harris, IFA and owner of Dalbeath Financial Planning, said: "These rate cuts are welcome, and will be attractive for many borrowers.
"Accord have been near the top of best-buy tables with many of their deals recently, particularly for remortgages, but other lenders are cutting rates all the time so it is good that they are taking steps to maintain their position."
Jane King, mortgage consultant at Ash-Ridge Private Finance, said: "These are good rates from Accord, who have the added advantage of allowing capital raising re-mortgages at 90 per cent.
"With rates being so competitive it is often the criteria and cost of fees and charges that are influencing advisers, as clients needs become more adverse."
