The Beverley Building Society re-enters the 95% loan to value market, and will consider self-employed workers for this product.

The East Yorkshire mutual launches its two-year, fixed-rate 95% LTV deal at 3.85%, on Thursday (27 May).

It carries a £995 fee, which can be added to the loan, and has a maximum loan size of £200,000.

The loan is available for home purchases, to both first and second-time buyers, on capital and interest repayment terms only.

The lender says it will also consider family-assist arrangements, including gifted deposits, guarantors and joint borrower/sole proprietor arrangements.

Following the two-year period, the loan will revert to the firm’s standard variable rate, currently 4.99%.

Beverley Building Society head of lending Graham Carter says: “This is the latest example of how we are responding to borrowers’ needs in these challenging and uncertain times.

“We understand that lower-deposit deals remain in short supply, yet they offer an important entry point to the kinds of borrowers who are vital to every house sale chain, and therefore the buoyancy of the market as a whole.”

Earlier this month, the mutual launched two-year fixes at up to 90% LTV at 2.99%, which followed the recent debut of a 85% LTV product at 2.75%.