Barclays will make 95 per cent LTV mortgages using the government guarantee scheme available from Monday 19 April.

A two-year fix comes with a rate of 3.99 per cent and a five-year fix at 4.09 per cent. Both charge zero fee and have a minimum loan amount of £25,000 and a maximum loan amount of £570,000.

The products are not available for new build properties.

They are also available for self-employed applicants.

Additionally, Barclays has upped the maximum loan size for people – including first-time buyers- looking to borrow more than 85 per cent LTV. For houses this is now £570,000 and for flats, £275,000.

A Barclay’s spokesperson comments: “We are looking forward to supporting customers in their next steps as homeowners with the launch of two new 95 per cent LTV products.”

Earlier today Santander announced that it was taking part in the guarantee scheme from next week, too.