Buckinghamshire Building Society has launched a two-year fixed-rate mortgage for applicants on a skilled worker visa, with lending available up to 90% LTV.

The product is priced at 6.35% and can be used for both purchase and remortgage, with a maximum loan size of £750,000.

The lender said it represented a significant expansion of its criteria for foreign national borrowers, having previously capped LTVs at 80%.

To qualify, applicants must have lived and worked in the UK for the past two years and be able to prove their deposit has been saved independently. Gifted deposits are not accepted. A £999 product fee applies.

Buckinghamshire Building Society head of mortgage sales Claire Askham commented: “We know there are many people contributing to the UK economy under the Skilled Worker visa scheme who are more than capable of sustaining homeownership, but have struggled to access competitive mortgage options, particularly at higher LTVs.

“At Bucks, we want to support those who don’t yet have indefinite leave to remain but have shown commitment and stability through sustained UK residency and employment.”

The product launch follows last month’s move to increase the maximum LTV on its Credit Restore range from 70% to 75%, which is designed to give brokers more flexibility when supporting clients with impaired credit.