Accord Mortgages is improving its 90% LTV range by reducing product fees to £495 (from £995) and launching a cashback offer of £750.

The intermediary lender is also reducing selected rates across its 75% to 85% LTV range by up to 15 basis points.

The changes come into effect from 9am on Thursday 10 December and will impact products within the new business residential range.

Cost of borrowing for those with low-deposits increases

Highlights of the new range include a 2-year fixed rate at 3.69% at 90% LTV for both purchase and remortgages.

The product comes with £495 (was £995) completion fee and £750 cash back, free valuation and for remortgage customers, legal fees are also included.

There is also a 2-year fixed rate at 1.84% (was 1.92%) at 75% LTV for remortgage customers.

This product comes with a £495 completion fee, £250 cash back, free legal and valuation.

Jemma Anderson, product manager at Accord, said: “As part of our ongoing monitoring of the market, we have reviewed our rates and made selected reductions on our purchase products and incentives.

“With these updates and improved 90% LTV products we are pleased to offer a comprehensive and competitive range to support brokers and their clients.”

Yorkshire Building Society is also making the same changes to improve its 90% LTV range from tomorrow (Thursday 10 December).