The lender said the move came following the success of various launches over the past year including its re-entry to the 90% LTV space.

Nick Smith, TSB’s head of mortgages said: “We know that for many first-time buyers, raising a deposit is often the biggest challenge.

“We were one of the first lenders to return to offering 90% LTV during the pandemic, and we’re pleased to now reintroduce our 95% LTV range giving further options for first-time buyers and those wanting to move home.”

Key features of the 95% LTV mortgages include:

–          Available for first-time buyers and home-movers

–          Customers can borrow up to £500,000

–          Product rates and fees will be announced in full ahead of the launch

–          Flats and new build homes will continue to be capped at 85% LTV

–          Products will be available direct with TSB and via brokers