Clydesdale and Yorkshire Banks have launched a new savings account to help first-time buyers build a deposit.

Regular Home Saver customers can save monthly towards a deposit on a first home, with the option to vary payments during the term.

They will also be eligible for up to £1,000 cashback when taking a Clydesdale or Yorkshire Bank First Time Buyer (FTB) mortgage.

Steve Reid, retail director for Clydesdale Bank, said: “What we understand from speaking to first time buyers is that with interest rates as low as they have been