The Yorkshire Building Society has unveiled two new mortgages at 90% and 95% loan to value (LTV).

The mutual is offering a two-year fixed rate 1.94% mortgage for those with a 10% deposit, which is available for borrowers who are buying a home and those who are remortgaging. It has a £1,345 product fee.

Available to those with a 5% deposit is a 3.48% mortgage, fixed for two years, which is for those buying a home only. It has an £845 product fee.

Brendan Gilligan, mortgage product manager for the Yorkshire Building Society, said: “Getting on the housing ladder can be tough, but it’s something which UK adults under 40 prioritise as their key life ambition, as our research into homeownership earlier this year shows.

“We’re pleased to offer these two competitive rates which we hope will help more first-time buyers achieve their homeownership aspirations.”