The lender revealed on Monday it would be increasing the lending limit for customers taking their first step on the property ladder to provide the support they need during these difficult times.

Now it has announced the range will include two, three and five-year fixed rate tracker products with rates starting from 2.49%.

There will be no set limit on numbers available and customers can choose between fee and non-fee options to give would-be homeowners greater choice.

The 90% products, available from Monday 20 July, are:

• Two-year fixed rates: 2.49% with a £999 fee; 2.74% with no fee
• Three-year fixed rates: 2.79% with a £999 fee; 2.99% with no fee
• Five-year fixed rates: 2.79% with a £999 fee; 2.99% with no fee
• Two-year tracker rates: 2.59% with a £999 fee; 2.84% with no fee

The deals, which will be subject to enhanced lending criteria, will come with £500 cashback and free valuations.

Nationwide said, for the loan to be approved, the property must be a house of at least two-years old, while applicants will be subject to enhanced affordability and credit score criteria. The maximum term is 25 years.

Henry Jordan, director of mortgages at Nationwide Building Society, said: “Our return to the 90% market is aimed at helping people into a home of their own, but it is also important to give first-time buyers a choice to suit their personal situation.

“That is why we are launching a range of fixed and tracker rate mortgages with different term and fee options. Given the competitive rates on offer, we expect these to prove extremely popular when they launch on Monday.

“By not having a set limit on the number of mortgages available, we aim to help as many first-time buyers get a foot on the ladder as we can at a time many may feel like they have been frozen out.”