The Leeds Building Society has introduced two new 95% loan to value (LTV) mortgage products.

The pair of products are fixed for five years – 3.99% with a £999 product fee and 4.09% with no product fee.

The deals launch on 13 April and both products come with a free valuation.

Matt Bartle, director of products at the Leeds Building Society, said: “We’re pleased to be able to announce our return to 95% LTV lending – more lenders returning to this sector gives signs of the market returning closer to normality and signals expectations of positive house price growth.

“It’s important to us to be able to assist borrowers who are not well served by the wider market, including buyers with smaller deposits, to deliver on our purpose to help more people save and have the home they want.

“Throughout the pandemic we’ve continued to support the housing market and our members, particularly in the affordable housing space including shared ownership. We keep our products, rates and lending criteria under constant review to ensure we can continue to offer mortgages to meet the needs of customers who are looking to take their first step onto the property ladder.”