Newcastle Intermediaries says it is re-entering the 90% and 95% loan to value market, while the West Brom added to its high LTV range.

Newcastle says its loans, on offer from today (11 June), are available to “first-time buyers onto the property ladder as well as home movers and customers re-mortgaging”.

The mutual will sell two and five-year products available at 90% and 95% LTV with rates starting at 2.85%, and a choice of fee-assisted products.

There is £250 cashback on selected offers and free standard valuation on properties up to £500,000, on selected loans.

Products carry options for overpayments of 10% a year for “clients who require the flexibility to make lump sum overpayments”. This is in addition to £499 of regular monthly overpayments, which already permitted.

The move comes as the West Brom expanded its 95% LTV range today, introducing a new two-year fixed rate product, which follows its recent return to this market.

It offers a two-year fixed rate loan for house purchases of 3.79% at 95% LTV, with no completion fee. The product is available direct and through intermediaries.

A maximum loan amount of £350,000 and a term of 30 years applies to its 95% LTV loans.

The lender adds that mortgage products revert to the West Brom’s standard variable rate at the end of the fixed-rate term, which is currently 3.99%.

A range of lenders have brought back high loan-to-value lending since chancellor Rishi Sunak announced the government’s 95% mortgage guarantee scheme in the 3 March Budget.

Several firms lend under this scheme, but many have made their own provisions.