Santander and TSB have launched fixed rate products at high loan-to-values.
Santander has launched a 3-year fixed rate mortgage at 95% LTV available to first-time buyers.
The product comes with no product fee, free valuation and £1,000 cashback.
Rachel Springall, finance expert at Moneyfacts, said: “Santander has launched a new three-year fixed rate mortgage this week, available to first-time buyers with a 5% deposit.
“The deal offers a generous £1,000 cashback as part of its incentive package and has no arrangement fee.
“Borrowers hoping to save on the upfront cost of their mortgage and are looking for a cashback incentive may find this deal an enticing choice.
“As a result, the deal earns a Moneyfacts product rating of outstanding.”
For remortgages, TSB has introduced a 2-year fix at 85% LTV with a rate of 1.84%.
The product comes with free valuation, plus either free legal fees or £300 cashback.
Springall added: “As well as the competitive rate, the deal includes a generous package.
“Borrowers looking for a mortgage with a well-known high street brand may find this option appealing.
“It earns an excellent Moneyfacts product rating in the process.”