The Buckinghamshire Building Society is looking to reward its existing members with the launch of a new member-exclusive mortgage product with 90% LTV.

The mutual said the move was specifically aimed at helping during these unprecedented times.

Gerard O’Keeffe, the Buckinghamshire’s CEO, said: “In the current climate, it is very difficult to access mortgages without very large deposits and many lenders have withdrawn high LTV mortgages.

“We would like to offer our members access to a 90% LTV mortgage product. We know that this is meeting a real need, particularly for first-time buyers and young people looking to get a foothold on the property ladder, who can afford mortgage repayments but do not have the larger up-front deposits now required in the market.”