Saffron Building Society has introduced four new 95% loan-to-value (LTV) mortgage products.
The four products are available across two, three or five year terms and are available exclusively through intermediaries.
All four products allow buyers’ close family members to provide further financial support, accepting gifted deposits.
One of the products available is Saffron’s Joint Borrower Sole Proprietor mortgage, which allows the borrowers to include a supporting applicant to boost their affordability and increase their chances of acceptance.
John Penberthy-Smith, chief commercial officer at Saffron Building Society, said: “The first-time buyer market offers huge commercial potential for brokers.
“Here at Saffron, we’re here to help them tap into it, with products that will allow them to offer targeted support for these clients.
“These four products, designed to cater to first-time buyers’ unique needs, will help them to do just that.”