Darlington Building Society has launched a 95 per cent LTV mortgage for local borrowers who fit certain employment criteria.

The high-LTV offering is limited to the DL, TS, DH, YO, HG or SR postcodes and first-time buyers where one mortgage holder works in a key worker role, such as health and social care, emergency or security services, education and childcare and in supermarkets.

On a three-year fix, the product rate is set at 3.99 per cent. It charges a £999 product fee and £120 completion fee. It also comes with a valuation contribution of up to £300. The maximum loan size is £300,000.

The mortgage is available as repayment only and cannot be used for new build properties or flats.

Darlington chief customer officer Darren Ditchburn says: “We are really excited and proud to be supporting local FTBs who are playing such a vital role as key workers during these unprecedented times.

“We recognise the amazing job they have done, and it is one of the ways we, as a local building society, can say thank you – by helping them to take that crucial first step on the housing ladder.”