The lender announced today it would be offering the two and five-year fixed rate deals via Saffron for Intermediaries in a bid to help buyers who are taking their first step on the property ladder.

It said the two-year deal offers a rate of 3.77% while the five-year product is at 4.07% – both come with a free valuation offer.

Tony Hall, interim head of mortgage sales said: “It is great to be able to offer these two limited first-time buyer products out to the market.

“We have always offered the joint borrower sole proprietor product to first-time buyers as a specialist product, but we have been keen to get back into the 90% LTV market after this unprecedented year.

“It is worth bearing in mind – for clients who perhaps are struggling to raise the deposit – that both, as with all Saffron products, offer a gifted deposit option from a close family member. Perhaps a generous mum or dad might just give a deposit gift this Christmas?”

The mortgages are available with immediate effect.