Mansfield Building Society has launched a 3-year fixed rate mortgage at 3.95% to 95% loan-to-value for first and second-time buyers.
The mortgage includes a free basic valuation and no application or completion fees.
Steve Walton, national development manager for the society, said: “Figures from Moneyfacts in August suggest that product availability at 95% loan to value has dwindled.
“We are committed to supporting affordability for first time buyers, not only by offering competitive 2, 3 and 5 year terms but also through our commonsense individual underwriting approach.
“We think it’s important that customers have good quality options and we’re very excited by our range of products to 95% LTV, particularly as this new product which has no upfront fees.
“We believe that with this latest edition, brokers and their clients will have a much needed boost from a can-do lender.”