The two-year fix at 1.25% is available to house buyers at 65% loan-to-value (LTV) and comes with a £995 product fee.

The intermediary arm of Yorkshire Building Society has also cut rates on two-year fixes across its 65%, 75%, 80% and 85% LTV range by up to 0.10%.

Accord national intermediary sales manager David Robinson said the new 65% LTV loan was the third product it had launched in the last 10 days.

“We’re pleased to have made further reductions on our two-year fixed rate mortgage range. Many borrowers are looking for competitive short-term fixes, so our new offerings should appeal to borrowers with differing budgets,” he said.