Accord Mortgages has cut rates and introduced an extra cashback boost on selected mortgages.
The intermediary only lender, has reduced rates on 79 residential mortgages by up to 0.30 percentage points.
Accord has also doubled its £250 cashback offering on selected mortgages and added £500 cashback to a handful of home loans.
Home buyers with a 5% deposit can now benefit from a five-year fix at 4.40%, which is fee free and comes with £500 cashback on completion and free standard valuation.
Available to buyers with a larger deposit of 25% there is a 1.88% two-year fix with £500 cashback on completion, free standard valuation and no product fee.
Those looking to remortgage can opt for a 1.75% two-year fix at 85% loan to value (LTV) which has £500 cashback on completion and free standard valuation. Alternatively, there is a three-year fix at 2.40% at 90% LTV with £250 cashback on completion, free standard valuation and free legal fees. Both mortgages have a £495 fee.
David Robinson, national intermediary sales manager at Accord, said: “There are a number of highly competitive deals across the mortgage market at the moment, which is great news for borrowers looking to get a great rate at the start of the year.
“We hope by reducing rates and improving our cashback offerings this will give brokers plenty of options when supporting clients with a range of budgets and needs. We know that cashback is a popular incentive choice for borrowers so they may appreciate having extra cash in their pocket when they secure their next home loan.”