The product, available to those who want to purchase or remortgage a property in Buckinghamshire, has been launched by the society as it strives to meet its responsibility to support its community.

Tim Vigeon, head of lending, said: “In this difficult environment, Buckinghamshire Building Society is committed to helping people achieve their dream of owning their own home in Buckinghamshire.

“We are committed to demonstrating the value of being a member of Buckinghamshire Building Society and the benefits associated with this.”

Buckinghamshire is also offering the 90% LTV deals as a new member-exclusive mortgage product.

Gerard O’Keeffe, CEO, said: “In the current climate, it is very difficult to access mortgages without very large deposits and many lenders have withdrawn high LTV mortgages.

“We would like to offer our members access to a 90% LTV mortgage product. We know that this is meeting a real need, particularly for first-time buyers and young people looking to get a foothold on the property ladder, who can afford mortgage repayments but do not have the larger up-front deposits now required in the market”