Its two-year fixes have been lowered by 50 bps, while its three-year fixes have come down by up to 70 bps and its five-year fixed-rate products have been cut by up to 95 bps.

Following the changes, Accord’s new range — which will be available from 8am on Tuesday, 9th January — will include:

• an 80% LTV, five-year fix priced at 4.94% — which comes with a £995 fee, free standard valuation and £250 cashback
• an 80% LTV two-year fix priced at 5.64% — which include a £995 fee, free standard valuation and £250 cashback
• an 80% LTV three-year fix available at 5.29% — inclusive of a £995 fee, free standard valuation and £250 cashback

Accord is also extending product end dates to 30th April to maximise product term value for brokers and their clients.

Aidan Smith, BTL mortgage manager at Accord, said: “The markets have responded very positively to pre-Christmas inflation data which showed this key cost index was falling faster than the government predicted, and the Bank of England’s efforts to control it are working.

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