The lender said it wanted to play a role in what would hopefully be a ‘brighter year’ for first-time buyers and those looking to move or remortgage.

The new higher LTV products come in the shape of two five-year fixed rate deals. There’s a remortgage-only product with a rate of 2.95% which has no upfront fees and there is also a purchase and remortgage product, which is also free of upfront fees, and has a rate of 3.10%.

Nikki Warren-Dean, head of intermediary sales said: “It’s great that we have returned to 85% LTV – brokers can now benefit from this new LTV twinned with our service levels.

“We are hoping this move contributes to a more positive year for those looking to get themselves onto the property ladder, to move along it or stay where they are but in a more affordable way.

“What has been important has been to get to the place where we are today in a phased and measured way. There can be no doubting last year was extremely challenging for everyone, but hopefully we can play our part in 2021 being a lot more positive in the mortgage space.”