The space-based gravitational wave detector LISA will observe mergers of massive black hole binary systems (MBHBs) to cosmological distances, as well as inspiralling stellar-origin (or stellar-mass) binaries (SBHBs) years before they enter the LIGO/Virgo band. Much remains to be explored for the parameter recovery of both classes of systems. Previous MBHB analyses relied on inspiral-only signals and/or a simplified Fisher matrix analysis, while SBHBs have not yet been extensively analyzed with Bayesian methods. We accelerate likelihood computations by (i) using a Fourier-domain response of the LISA instrument, (ii) using a reduced-order model for non-spinning waveforms that include a merger-ringdown and higher harmonics, (iii) setting the n...