Atom Bank has relaunched its 95% LTV mortgages with immediate effect.

Atom is re-introducing the range with terms of two and five years, available for new purchases and remortgages.

The Durham based lender is offering a two-year fixed rate priced at 4.09% and a five-year fixed rate priced at 4.14%. Both products are fee free, offer £500 cashback and a free standard valuation.

David Castling, director of intermediary lending at Atom Bank, said: “Over the past year we’ve remained focused on doing the right thing for our existing customers whilst evaluating the right thing to do for new customers from the perspective of a responsible lender.

“With greater certainty, we believe now is the right time to bring 95% LTV mortgages back on sale and support more people to own their home.”