Rates are being cut by 0.15 per cent across the whole range of 90 per cent LTV fixed rate products with a £995 fee.
Accord is also introducing £495 fee fixed rate products with loans up to £150,000 across the entire product range.
A two-year fixed rate at 2.89 per cent and up to 75 per cent LTV is being introduced, alongside a five-year fixed rate of 3.39 per cent up to 75 per cent LTV.
A two-year fixed rate at 4.94 per cent is available up to 90 per cent LTV.
Prolific Mortgage Finance Limited managing director Lea Karasavvas says: “It is encouraging to see lenders aggressively tackling the higher loan to value products. Accord have followed suit with Abbey who recently reduced rates on 85 per cent deals so we are really seeing the benefits of funds for lending effecting the levels of competition at the higher loan to value products rather than targeting the lower LTV products as was the case when first introduced.
“Competition in the higher LTV market can positively kick start the market again and help second steppers as well as first time buyers in what has been a very trying bracket over the last few years.”