The lender will also lower five-year fixed Deposit Unlock rates by up to 0.1 per cent, and the changes will come into force tomorrow.
Highlights of rate reductions include its two-year fixed purchase rate up to 95 per cent LTV falling from 7.72 per cent to 6.92 per cent.
The firm’s three-year fixed purchase rate up to 95 per cent LTV will decrease from 7.16 per cent to 6.79 per cent.
Both the above deals come with a £995 fee, £250 cashback and free standard valuation.
The company’s fee-free five-year fixed rate with £2,000 cashback and free standard valuation is priced at 6.23 per cent. The deal is available for both home movers and first-time buyers with an LTV between 85 and 90 per cent.
Simon Garner, mortgage manager at Accord Mortgages, said: “We’re constantly reading market conditions and looking for every opportunity to offer brokers products that will help their clients with the increased cost of living and a generally higher interest rate environment.
“We endeavour to provide them with as much value and choice as possible to suit a range of circumstances and anticipate the £2,000 cashback products could be particularly appealing for first-time buyers who would welcome a financial boost to contribute to furnishing their new home.”
Coventry BS cuts rates
Coventry Building Society has notified brokers that it will change rates from 8am on Thursday 17 August, with select products being withdrawn at 8pm on Wednesday 16 August.
On the residential side, in its new business range it will withdraw new business rates between 90 and 95 per cent LTV.
The lender will also cut all fixed new business rates from 65 to 80 per cent LTV. This excludes offset mortgages.
Within its buy-to-let range, the lender has cut five-year fixed rates at 65 per cent LTV for buy-to-let and portfolio landlord buy-to-let new business rates.
