The Melton Building Society is relaunching a limited number of 90 and 85 per cent loan-to-value deals next Wednesday.

The lender says it is offering a tranche of high-LTV funding for purchase and remortgage borrowers.

There will be two products, both of which are fixed for five years.

Its 90 per cent LTV deal will be priced at 3.79 per cent with a £199 fee and it will only be available to borrowers in the East Midlands.

Meanwhile its 85 per cent LTV deal will cost 3.09 per cent and also comes with a £199 fee, but will not be subject to the same geographic restrictions.

Neither of the deals are available on flats or new builds and they have a minimum loan size of £150,000.

Melton head of sales and marketing Dan Atkinson says: “Despite today’s ever-changing market we remain committed to providing customers with the best mortgage options.

“Restricting our 90 per cent LTV product to the East Midlands will give our local customers the opportunity to find the right home and a better chance of securing these rates.  

“Although we have to limit these high LTV products to protect our service levels, we hope that by giving brokers advance notice they will have more time to contact clients who may find our products suitable.”