Legal & General Mortgage Club has unveiled an exclusive residential offering for its members with the Skipton Building Society.

From today, club members will have access to a five-year fixed rate residential product, available up to 90% loan to value (LTV).

Starting from 2.39%, the product has a maximum loan value of £500k and benefits from no fees.

Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “This is a welcome move from Skipton Building Society. It’s great to see an increasing number of lenders offering 90% LTV mortgages, allowing buyers with small deposits to achieve their dream of homeownership.

“Legal & General Mortgage Club has been working closely with Skipton Building Society to develop this offering and we are excited to work with them to further build and support this proposition, bringing exclusive products to our key partners.”

Paul Fenn, director of business development at the Skipton Building Society, added: “We’re delighted to offer this exclusive to Legal & General Mortgage Club. We’ve had an excellent start to the year, which has allowed this opportunity to arise and we hope our product drives further activity in the first-time buyer market.

We want to help as many borrowers as we can onto the property ladder, and we’re excited to continue working closely with Legal & General Mortgage Club this year.”