Generation Home has brought out four new fixes aimed at first-time buyers (FTBs) to the whole of market.

Previously only available to NHS employees, the products consist of a two-year fix with zero fee at 3.98% and a five-year fix with zero fee at 3.89%.

Charging a £999 fee, the lender is also offering a two-year fix at 3.78% and a five-year fix at 3.79%.

Generation Home also allows borrowers to ‘boost’ their mortgage with additional income or deposit funds.

With the former, an additional family member may add their income to the application to allow the borrowing of more funds.

The family member will be liable for the mortgage and be able to make contributions, but will not be on the property deeds and isn’t expected to remain on the mortgage for its full term.

The deposit boost permits friends and family to invest or gift funds towards the property and, again, won’t be added to the property deeds.

Generation Home co-founder Sophia Guy-White says: “It’s well known that FTBs struggle to save enough for a deposit. We hope that by offering mortgages with 5% deposits, we can make the difference for aspiring homeowners.”