Accord has cut the rates on its long-term mortgages by up to 0.18 per cent.
The intermediary arm of Yorkshire Building Society has revamped its range of 30-year mortgages.
It is offering a two-year fixed deal at 2.15 per cent up to an 80 per cent loan-to-value. The mortgage is fee-free, comes with a free standard valuation and pays £500 cashback on completion.
The rate cuts will likely be welcomed by the growing number of buyers opting to longer mortgage terms in a bid to lower their monthly repayments.
The Government’s English House Survey revealed earlier this year that some 52 per cent of first-time buyers had opted for a mortgage of 30 years or more.
The lender also has a 1.68 per cent two-year fix available to both new buyers and remortgage customers, up to an 80 per cent LTV with a £995.
Meanwhile, those remortgaging can get a two-year fixed rate of 2.01 per cent if they have a 25 per cent deposit. It has a £495 fee but offers £500 cashback on completion.
Ben Merritt, mortgage manager at Accord, said: "We’ve spring cleaned our mortgage range to make it as competitive as possible for borrowers with various budgets. We hope the new options will appeal to brokers and their clients."
David Hollingworth, director at mortgage broker London & Country, said: "It's good to see a lender looking to sharpen up some of its products when the direction of travel for mortgage rates has tended to be up recently.
"Accord has a good range of fee and incentive packages to try and cover all bases but some of these rates remain behind some of the more sharply priced products in the market at the moment."
