The range also includes a two-year fixed rate at 4.14% with a £995 product fee and two-year fixed rate at 4.34% with £495 product fee and remortgage/purchase package.

The range includes products offering cashback on completion of up to £250 and valuation assistance.

Jemma Smith, Accord’s product manager, said: “These are very competitive rates which will appeal to people with smaller deposits. We try to support all types of borrowers across the various loan-to-value levels and first-time buyers in particular should really benefit from these new mortgages.”