The two-year 90% LTV product is now available at 2.04% for both purchases and remortgages, with a £995 completion fee.

A fee-free five-year fixed rate of 2.78% is also available to borrowers purchasing a property with a 10% deposit looking to fix their mortgage for longer, which comes with £1,000 cashback and free standard valuation.

For borrowers with just a 5% deposit, a two-year fixed rate is available at 3.18% for house purchases. This mortgage comes with £1,000 cashback, free standard valuation and a £495 completion fee.

The lender has also tweaked its offset mortgage range, with rates starting at just 1.99% for a two-year fixed rate remortgage at 75% LTV. This rate comes with £250 cashback, free standard valuation and free legal lees, with a £995 completion fee.

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For borrowers buying a house with a 25% deposit and looking to use their savings to reduce the interest paid on their mortgage, Accord offers a two-year fixed rate of 2.00% with a £995 completion fee.

Jemma Anderson, mortgage manager at Accord Mortgages (pictured), said: “While offset mortgages may not suit all borrowers and therefore cases may be few and far between for brokers, we do still see appetite for them in the market, in particular for those who could afford to repay on a capital and interest basis, but choose only to repay the interest.

“With reduced rates, the ability to significantly overpay without penalty and options available on an interest-only basis, offset mortgages could provide additional options for brokers whose clients have savings, to explore.”