Accord Mortgages has announced several new rate reductions across its 90% and 95% loan-to-value (LTV) range.

Accord, the intermediary lending subsidiary of Yorkshire Building Society, revealed that as well as rate reductions for its remortgage customers, cashback on selected 95% LTV products has been increased on both its two and five-year fixed rates.

For its 95% LTV products, Accord announced its two-year fixed rate is now 3.22% – down from 3.26% – and its five-year fixed rate has been cut to 3.29%, down from 3.59%. A fee-free fixed rate has also been cut from 3.69% to 3.49%, and each 95% LTV product will now offer an increased £1,000 cashback feature.

For Accord’s 90% LTV products, remortgage customers will be able to choose a two-year fixed rate at 2.38%, which has been cut from 2.40%, and those wishing to purchase can now get a two-year fixed rate at 2.34%, down from 2.39%.

Jemma Anderson, Accord product manager commented: “Whether you are starting the year with a house purchase, or looking to remortgage an existing property, these changes should offer customers wanting to make the most of their finances in 2020 a range of options.

“We know brokers are looking for additional benefits, so we have improved cashback on selected products.”

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