The lender said it would also be offering £500 cashback as part of the deals which are available as two-year and five-year fixed rates starting at 3.69% and 3.94% respectively.
The products have been unveiled just after the launch of TSB’s new mortgage products specifically aimed at helping first-time buyers get on the property ladder, which remain on sale.
It also comes as several other lenders return to the 90% LTV market with Atom and Yorkshire Building Society announcing high LTV products would be on offer once again last week.
Nick Smith, head of mortgages at TSB said: “We know that raising a deposit is often the biggest challenge our customers face when buying a property. With the continued challenging environment, we’re pleased to be re-introducing more high LTV products for our customers.”
Details of the products are as follows:
Two-year fixed First-Time Buyer and House Purchase mortgages, £995 fee, 3.69%, (£0 fee at 3.84%)
Five-year fixed First-Time Buyer and House Purchase mortgages, £0 fee, 3.94%
This post has originally been featured in Mortgage Finance Gazette.