Accord is cutting rates across its residential mortgage range by between 0.15 and 0.25 percentage points.

The intermediary-only lender, which is part of Yorkshire Building Society, is launching a raft of new products, including the following:

• A fee-free two-year fixed rate up to 90% LTV at 5.24%, (was 5.44%), available for house purchase and featuring £250 cashback and free standard valuation
• A five-year fix to 85% LTV for remortgagers will be 4.38%, down from 4.53%, with free standard valuation and remortgage legal service, a product fee of £495 and £250 cashback
• A 60% LTV five-year fix at 4.49% (was 4.64%), which comes with £500 cashback, no fee and free standard valuation, is available for home buyers.

Mortgage product manager, Gemma Hyland, said: “Mortgage pricing continues to be a rollercoaster ride, with market swap rates climbing once again.

“With a view to protecting brokers and their clients from that trend as much as possible, this latest range re-price is an example of how we are doing everything we can to offer them maximum product value, despite such challenging conditions.”