Kensington has launched a 95% loan-to-value range mortgage with rates starting from 4.64% for a 2-year term.
The lender has also updated its buy-to-let range, with fixed rates being cut by 020% to 85% LTV and core rates starting at 3.99% for a 2-year fix.
The changes will take effect on Wednesday.
Craig McKinlay, sales and marketing director at Kensington Mortgages, said: “Buying a home is an ambition for thousands of people across the UK, but in many cases the first or next step can be hindered by the challenge of saving for a bigger deposit.
“These latest updates further reinforce our commitment to supporting underserved borrowers across the UK, a mission has always been at the heart of Kensington, by improving the options to individuals looking to step onto or up the housing ladder.
“We’ve made a number of significant changes to our product range over the last six months, all of which have been received positively by intermediaries, and this latest update shows that we remain committed to developing our proposition to provide even more support to advisers and their clients.”