Accord Mortgages has announced a cut to its mortgage rates, making it easier than ever to buy a home, even with a tiny deposit.

Accord’s latest move could help first-time buyers and anyone with limited savings. The star of the show is the £5k Deposit Mortgage, which has been slashed by 0.45% to a record low of 5.79%. This is the second time Accord has cut rates on this product in just one month!

Accord is also offering big savings across its entire range of mortgages:

• Small Deposits, Big Savings: Mortgages for borrowers with a 5% deposit have been reduced by up to 0.55%.
• New Build Bonanza: Building your dream home just got easier! Rates on new build properties are down by up to 0.44% (up to 90% LTV).
• Something for Everyone: Mortgages at 75% and 80% LTV are down by 0.32%, and 85% LTV products are down by up to 0.30%.

Here are some of the hottest deals on offer:

• Two-Year Fix: Bag yourself a rate of just 5.33% up to 90% LTV. You’ll also get £250 cashback and a free standard valuation – all for a fee of £995.
• Five-Year Fix: Lock in a low rate of 3.99% at 75% LTV. This deal also comes with a £250 cashback, free valuation, and a fee of £1,995.

Gemma Hyland, from Accord, said: “We’re over the moon to offer these competitive rates, especially for borrowers with smaller deposits. We want to make buying a home a reality for everyone, and these changes are a testament to that commitment.”