Chorley Building Society has introduced exclusive first time buyer mortgages.

The new products include a FTB two-year fix at 90% loan-to-value (LTV) (fixed until 31.07.2027) with a rate of 5.29%.

It has also added a FTB two-year fix at 95% LTV (fixed until 31.07.2027) with a rate of 5.79%.

Both mortgages have no product or scheme fees and offer a £250 cashback. The mortgage can be applied for, as long as one of the applicants has never had a mortgage before.

Chorley Building Society head of operations Liz Pearson says: “The Society was founded to help people buy their own home and this is still true today, more than 165 years later.”

“Our exclusive first time buyer mortgages have been designed to support those looking to get onto the housing ladder as they do not have application or scheme fees and also include a cashback.”