Saffron Building Society has returned to the 95% LTV market with two new fixed-rate mortgages.

A two-year fix is available at 3.67% and a five-year fix at 3.87%. Each comes with zero fees and a free valuation.

The last time Saffron offered 95% LTV lending was in June last year, for a limited time only.

The lender has also lowered rates on its 90% LTV two- and five-year fixes to 3.57% and 3.77, reductions of 40 basis points and 30 basis points, respectively.

These also charge no fees and come with a free valuation.

Saffron head of mortgage sales Tony Hall says: “We have been planning a return to 95% lending for some time and wanted to make sure we had the best possible products to come back to the market with.”

Earlier today, Saffron announced its new 85% LTV products for self-employed and contracting borrowers.