The products for those stepping on the property ladder with a 10% deposit were pulled by the society following the start of the coronavirus lockdown after it received ‘unprecedented demand’ which ‘impacted service levels’.

The re-launched versions of the five-year fixed rate products will only be available where one applicant is a first-time buyer. Yorkshire said it defines ‘first-time buyer’ a someone who has never owned a property or held a mortgage before.

Benjamin Merritt senior manager – mortgages – at Yorkshire said: “Our desire to lend has not waivered over this period and so after a brief withdrawal, we are pleased to come back to the market with this exclusive range for first-time buyers.

“We know the current market is increasingly challenging for those keen to get started on the property ladder, but hopefully our longer term fixed rates enable borrowers to manage their finances and secure the home they want.”

The relaunched products are as follows:

• A five-year fixed rate at 2.99% at 90% LTV with £495 product fee and free valuation
• A five-year fixed rate at 3.09% at 90% LTV with no product fee
• A five-year fixed rate at 3.14% at 90% LTV with £495 product fee and free valuation for loans between £500k and £600k

Yorkshire Building Society has also announced a number of rate reductions across its range. And it said it was supporting both buyers and those looking to remortgage by reducing rates.

Among the range are products which may suit those looking for longer-term fixes at a variety of LTV ranges.

Merritt added: “Our mortgages come in a variety of shapes and sizes as we aim to cater for a number of homeowners’ needs.

“We know borrowers are looking for the security of knowing what their monthly repayments will be, so we’ve updated our range of options to give people a choice of competitive mortgages suited to their needs”.