Norwich and Peterborough Building Society (N&P) has added two new 90% LTV products to its mortgage range.
Firstly, there is a 5.69% two-year fixed rate deal. It comes with a £995 product fee, but a free valuation and free legal fees for re-mortgage or £200 cashback for purchase. There are redemption charges of 3% over two years.
The other new 90% LTV deal is a 4.95% two-year discounted rate. It has the same fee and valuation offering as the previous product.
The mutual has also lifted the maximum LTV on mortgages for self-build and new-build houses from 75% LTV to 80%.
Richard Barker, N&P’s product manager for mortgages, said: “These new mortgages at the higher LTV mean that a greater number of people will be able to get a foot on the property ladder