Yorkshire Building Society (YBS) has launched a 95% LTV mortgage.
The mutual will offer the mortgage to homebuyers from 19 April, and will not use the government’s mortgage guarantee scheme.
The 5-year fixed rate of 3.99% comes with a £995 fee and free standard valuation.
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It is only available with advice from one of the society’s mortgage advisers and is not permitted on flats or new-build homes.
Ben Merritt, senior mortgage manager at Yorkshire Building Society, said: “As an organisation we’re committed to supporting borrowers with smaller deposits to own their own home, so we’re delighted to be back in the 95% mortgage market.
“It’s been a difficult year for people with limited deposits to get on to, or move up the property ladder but as we, hopefully, come out of the other side of the pandemic they’re once again starting to see more options available to them.”
“Only a matter of weeks ago it may have seemed like an impossible feat for some people with a 5% deposit to become homeowners, but we’re pleased the introduction of our latest mortgage will only add to the choice and availability of 95% home loans.”
