Leeds Building Society has come out with two new 95% LTV mortgages.

The lender returned to the high-LTV market at the start of last week with two five-year fixed rates.

The new mortgages are both two-year fixes, the first set at 3.80% with a £499 product fee and the second at 3.95%, this with no product fee.

Additionally, both feature a free standard valuation at up to £999.

Both mortgages are available for first-time buyers and homemovers, but not for remortgage purposes.

Leeds Building Society director of products Matt Bartle says: “It’s important to us to assist those buyers who are not well served by the wider market, including those with smaller deposits, to allow more people to have the home they want.

“We’ve continued to support the housing market and our members during the pandemic, particularly in the affordable housing space, including Shared Ownership.”