The changes come into force from 8am 23 March.

The end dates are now set at 31 August and will offer “maximum product term value to borrowers”.

Highlights of the range, include a fee-free, five-year fixed remortgage rate at 75 per cent loan to value (LTV) falling by 0.29 per cent to 5.01 per cent. It comes with free standard valuation and £250 cashback or free remortgage legal service.

Its five-year fixed rate at 75 per cent LTV for remortgage and purchase has fallen by 0.25 per cent to 5.31 per cent. It comes with a £1995 fee, free standard valuation and £250 cashback, as well as no early repayment charges (ERC).

The lender’s five-year fixed rate at 60 per cent LTV for remortgage has gone down from 4.73 per cent to 4.6 per cent. It is subject to a £1,995 fee, free standard valuation and a choice of £250 cashback or free remortgage legal service

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Its fee-free two-year fixed rate at 60 per cent LTV for house purchases has decreased from 5.74 per cent to 5.61 per cent. It come with free standard valuation and £500 cashback.

Simon Garner (pictured), buy-to-let mortgage manager at Accord Mortgages, said: “We’re pleased to be able to cut rates on our buy-to-let range, during what has been a difficult period for landlords.

“By ensuring our product range remains as competitive as possible, we’re maintaining our support for brokers and their landlord clients in a very fast-changing market.”

He continued: “These changes also mean that landlords can benefit from even better value, regardless of their equity, as well as being able to choose from a variety of different options, including no initial product fee, cashback, or even products without early repayment charges for those preferring the flexibility this potentially offers.”