he Mortgage Lender has raised its maximum loan-to-value to 95% for residential loans with a range of new products.
It follows research by the lender, which revealed that 46% of first-time buyers have had a mortgage application declined.
TML found that raising an adequate deposit was one of the most common obstacles.
In its new 95% LTV tier, TML is offering a five-year fixed at 6.44% with a £1,495 fee.
A fee-free five-year fixed is 6.59%.
It is also offering a two-year fix at 6.54% with a £1,495 fee.
There is also a two-year option with no fee at 6.89%.
To qualify, borrowers must have zero arrears, CCJs, defaults or payday loans within the past 36 months.
A minimum credit score of 200 is required.
Both new builds and older properties will be considered.
Borrowers can take their mortgage over a maximum term of 35 years, depending on their age, and the minimum loan allowed is £120,000.
