Yorkshire Building Society is also increasing its maximum loan-to-value (LTV) to 90% on residential purchase and remortgage products and offering new build purchases up to a maximum of 85% LTV.
The specialist mortgage lender previously reduced its maximum LTV on all products to 70% in the face of the COVID-19 crisis.
However the lender has assured borrowers and brokers that it will continue to review its position as it builds up a base of up-to-date house price data.
Mortgage lender Catalyst Property Finance has announced that it is reintroducing a higher loan-to-value (LTV) bridging product.
AmTrust’s Mortgage LTV Tracker survey found that there has been an upward trend, but that COVID-19 has resulted in lenders pulling products.
Numerous lenders have been amending their offerings in light of the ongoing coronavirus crisis.
The society will also no longer be accepting any new applications for any new build properties or flats.
Those looking for 95% LTV can expect to pay over £1k per month for their mortgage – almost 50% more than 75% LTV borrowers.
The vote to leave the EU is seen as an influencing factor with average rates falling three times faster for those with bigger deposits since the referendum.
Conveyancing panel management specialists LMS said the number of remortgages decreased in the last month, dropping by 12% from 34,900 in August to 30,766 in September.