Buckinghamshire Building Society has launched a limited tranche of lending at 95 per cent loan-to-value for purchases across England and Wales.
The lender expects demand to be high and encourages brokers to submit applications as soon as possible.
The Building Society is offering cheaper options for existing members and local borrowers.
For applicants buying beyond its local catchment area, Buckinghamshire is offering a three-year fixed rate at 4.39 per cent with a £350 fee.
Borrowers buying a home within the county of Buckinghamshire can secure a lower rate of 3.99 per cent with the same fee.
The lower rate applies to all HP postcodes as well as SL1 –SL9, MK1 – MK19, MK46, NN13, UB9, OX6, RG9, LU6 & LU7.
Existing members of the building society and their immediate family can also qualify for the lower 3.99 per cent rate if they are first-time buyers.
That means customers with a savings balance of at least £100 with the building society are eligible, as well as those who have a mother, father, daughter, son, brother or sister in this position.
The building society also offers Family Assist products at up to 100 per cent LTV whereby a relative’s property is used as an additional security.
Head of lending Tim Vigeon says: “As a mutually-owned building society, we are committed to doing whatever we can to help people get onto the property ladder after what has been an incredibly challenging year.
“Our aim is to help those people to get the support they need, which is ultimately good for our community and our economy as we emerge from the Covid period.”
:We are a Buckinghamshire based Society, and our ethos is that of giving back to our members, their families and our local community, so we are delighted to be able to offer these enhanced products with them in mind.
“The Society assesses applications on a case-by-case basis, our human approach to underwriting means that we credit search rather than credit score applications, so that we can take a holistic view when reviewing an application rather than relying on a computer based decision.
“We take the time to understand the affordability of the mortgage options so that they are suitable and sustainable for the borrower’s individual circumstances.
