Accord Mortgages has announced that it has launched a new 10-year fixed rate product and cut rates on 90% and 95% LTV products.

The new product is available for purchase and re-mortgage at 2.49% up to 75% LTV with free standard valuation and a £495 product fee.

According to the lender, they have also reduced 90% and 95% LTV rates by up to 0.10%. New 90% LTV rates include a five year fixed-rate at 2.53% with £1,000 cashback, free standard valuation and £495 product fee. 95% LTV products include a two-year fixed rate at 3.12% and a five-year fix at 3.42%, both with £1,000 cashback, free valuation and a £495 fee.

Jemma Anderson, mortgage manager at Accord Mortgages, said: “It’s a pretty uncertain time at present, so we’re delighted to launch the new 10-year fixed rate which we hope will offer brokers with clients seeking stability a product which enables them to manage their longer-term finances. We’re continually reviewing the range based on broker feedback and as a result, to assist borrowers with a smaller deposit we’ve improved our higher LTV rates as well as offering £1,000 cashback and free standard valuation to help manage the costs of moving to a new house.”