Its new 90% LTV deal is a two-year fixed rate at 3.49% which comes with a £999 fee and will be available to first-time buyers, home movers and remortgaging homeowners.

Furness had restricted lending at 90% LTV to its heartland area only. It is continuing this commitment to locals by offering a lower rate of 3.39% and no fee to those in its catchment area.

Alasdair McDonald, head of intermediaries, said: “We’re delighted to be able to lend at 90% LTV on a UK wide basis again.

“We’ve got some fantastic relationships with brokers in the high LTV market and it’s great to be able to go out to them with a competitive rate alongside our flexible and individual approach to underwriting cases.

“As with all 90% lending, we’re happy to look at new build houses, gifted deposits from close family and of course, our joint applicant, sole borrower proposition.

“Throughout the pandemic, we’ve worked hard to be there for brokers and it hasn’t been without challenges but we’re delighted to be able to lend at 90% again throughout the UK.  As a mutual, it’s also important for us to keep our local proposition going for customers living close by.”

Brokers across England, Wales and Scotland will be able to access the new deal from Monday 14 December.

There will be a free legal and valuation fee package on standard remortgages in England and Wales, with an incentive package for Scottish cases.