The product is available for capital repayment only and has no application or completion fee and free basic valuation.
Steve Walton, National Development Manager for the Society, said: “Figures from Moneyfacts in August suggest that product availability at 95% loan to value has dwindled. We are committed to supporting affordability for first time buyers, not only by offering competitive two, three and five year terms but also through our commonsense individual underwriting approach.
We think it’s important that customers have good quality options and we’re very excited by our range of products to 95% LTV, particularly as this new product which has no upfront fees. We believe that with this latest edition, brokers and their clients will have a much needed boost from a can-do lender.”
