The lender’s five year deals offer borrowers a two year tracker rate period followed by a three year fixed rate period, with no additional fees when the time comes to fix.

Its 75% LTV range includes a two-year tracker at 2.49% at Bank Base Rate of 0.5% at +1.99% followed by a three year fix at 3.69%, including a £995 fee.

It is also offering a two-year tracker at 2.59% at base at +2.09% followed by a three year fix at 3.79%, which includes free valuation and legal fees for remortgages, free valuation and £250 cash back for house purchases.

Its 85% LTV range includes a two year tracker at 3.59% at base at +3.09% followed by a three year fix at 4.69% and a £995 fee.

And a two year tracker at 3.69% at base at +3.19% followed by a three year fix at 4.79%, including free valuation and legal fees for remortgages and a free valuation and £250 cash back for house purchases.

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Steve McAvan, Accord’s intermediary product manager, said:

“The deals are available up to 85% LTV and are designed for borrowers looking to shelter themselves from possible future interest rate rises. Unlike traditional drop lock deals, both the tracker and fixed rate elements are determined at the outset so there are no nasty surprises or hidden fees when the time comes to switch.

“We also won’t re-evaluate the LTV on a property when the fixed period starts, giving borrowers piece of mind they are protected against future costs.”