Two lenders have launched new mortgage products with LTVs of over 90%.
Furness Building Society has introduced a range of five-year fixed rate products to its offering, with its 95% LTV mortgage receiving an 'outstanding' accolade from Moneyfacts.
This particular product has no fee and is priced at 3.98%.
Furness' head of intermediary distribution, Barry Fitzsimmons, says he believes the new five-year fixed rate products are well placed in the market.
Meanwhile, Accord Mortgages has recently launched a selection of 90% LTV products with the aim of helping borrowers with smaller deposits.
The intermediary-only lender, which is part of the Yorkshire Building Society Group, has launched a 2.24% two-year fixed rate mortgage at 90% LTV with a £995 fee, which is available to both remortgage and house purchase customers.
Also on offer is a two-year fixed rate mortgage at 2.32% at 90% LTV which comes with a £995 fee, plus £250 cashback on completion and free standard valuation for purchase customers.
The range also includes a five-year fix at 2.96% at 90% LTV with a £995 fee.
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