Accord Mortgages yesterday (20 December) reduced rates by up to 0.23 per cent on 15 mortgages and increased cashback by up to £500 on selected higher loan-to-value (LTV) mortgages.
Now available at 90 per cent LTV is a two-year fix at 2.49 per cent for remortgage customers, with no product fee, £250 cashback on completion, a free standard valuation and free legal fees.
Those with a 25 per cent deposit looking to buy a new home can now access a 1.88 per cent two-year fixed rate, with no fee, free standard valuation and £250 cashback on completion.
Accord has added £500 cashback to its two-year 95 per cent LTV fix at 3.83 per cent, which is available to those looking to buy a home and comes with a £995 fee and free valuation.
In addition, the lender has launched seven new mortgages for borrowers with 35 per cent, 25 per cent and 15 per cent deposits.
David Robinson, national intermediary sales manager of Accord, said: "Many people like to make a fresh start come the New Year and for some, progress any house-buying plans they may have.
"We hope our refreshed range will provide a choice of competitive options for borrowers with varying budgets and our fee free options, plus additional features, will help to keep upfront costs low."
David Hollingworth, associate director communications of L&C Mortgages, said: "Accord has already refreshed its buy-to-let range and these further changes to the residential rates are another indicator of its intention to be well placed, in what is likely to be a competitive market.
"More lenders are likely to sharpen rates up to attract business in the New Year but as Accord has shown here it's not just about rate and incentives including cashback and reduced or no arrangement fee are a welcome addition to product design.
"It is also good to see Accord looking to support the higher LTV sector with some improvements to rates for those with smaller deposits of 5 per cent to 10 per cent."