Barclays is bringing back 90 per cent loan-to-value first-time buyer products tomorrow.

The return of another big player to high LTV lending will be welcomed by brokers after Halifax relaunched low-deposit deals last week.

The new 90 per cent LTV products are a five-year fixed rate at 3.65 per cent with a £999 fee or at 3.79 per cent with no fee.

The maximum loan is £500,000, but for flats and maisonettes this is restricted to £220,000.

Barclays is also imposing a loan-to-income cap of 4.49x.

New-build houses will be permitted, but not new-build flats.

The lender has not yet returned to offering two-year fixes for borrowers with 10 per cent deposits.

For joint mortgage applications, both applicants must be first-time buyers, but for joint borrower sole proprietor only the proprietor needs to be.

Barclays is also reducing costs on a number of other deals.

For purchase and remortgage:

• 2.12 per cent two-year fixed £999 fee, 80 per cent LTV, Loans £5k – £2m will reduce to 2.08 per cent

For purchase only:

• 2.99 per cent two-year fixed £999 fee, 85 per cent LTV, Loans £5k – £2m will reduce to 2.83 per cent
• 1.88 per cent five-year fixed £999 fee, 75 per cent LTV, Loans £5k – £2m will reduce to 1.78 per cent
• 3.11 per cent five-year fixed £999 fee, 85 per cent LTV, Loans £5k, Max loan £2m will reduce to 2.95 per cent
• 3.36 per cent five-year fixed £0 fee, 85 per cent LTV, Loans £5k – £2m will reduce to 3.32 per cent

 For remortgage:

• 2.30 per cent Great Escape two-year fixed £0 fee, 75 per cent LTV, Loans £50k – £2m will reduce to 2.19 per cent
• 1.70 per cent five-year fixed £999 fee, 75 per cent LTV, Loans £5k – £2m will reduce to 1.67 per cent
• 2.95 per cent five-year fixed £999 fee, 85 per cent LTV, Loans £5k – £2m will reduce to 2.82 per cent