The Yorkshire Building Society has reported that demand for its 95% LTV home loans was 91% higher year-on-year last month.
The mutual has stated it will continue lending at this loan to value after the government Help to Buy mortgage guarantee scheme ended in December.
The Yorkshire Building Society Group did not use this scheme as part of its 95% LTV offering, and during 2016 increased its 95% LTV lending by more than 50% compared to 2015.
Charles Mungroo, mortgage manager at Yorkshire Building Society, said: “More and more first-time buyers are trying to get their first step on to the property ladder so the demand for 95% LTV mortgages shows no sign of slowing down.
“It’s positive to see that borrowers realise there are still options available across the market to those with smaller deposits despite the disappearance of the Help to Buy mortgage guarantee scheme.
“We are committed to helping first-time buyers by offering a range of mortgages tailored to suit their specific needs.”
