Furness for Intermediaries has reduced rates on its 95% loan-to-value (LTV) product range.
The 2-year fixes now start from 3.08% with an option of a £1,000 cashback at 3.38%.
The 5-year fixed rates now start from 3.38% with an option of a £1,000 cashback at 3.58%.
Alasdair McDonald (pictured), head of intermediaries at Furness, said: “We understand that first-time buyers need the best start they can get and this isn’t always down to the cheapest rate.
“We believe that the reduction in our 95% LTV fixed rates complements our other first-time buyer propositions, which include our joint applicant/sole proprietorship solution and lending on new build houses.
“Of course, our individual approach to underwriting means we can really give our attention to complex cases.
“We are committed to providing solutions for our intermediary partners and our flexibility in decision making means it makes it easier for us to say yes.”
The 95% LTV range is also available for remortgages with free valuation and legal fees on standard cases in England and Wales.
There is a contribution of £150 towards fees in Scotland.