The Nottingham is targeting first-time buyers with the launch of a pair of new two-year fixed 95% LTV mortgages.

The building society has launched a fee-free 2.78% product, that comes with £500 cashback.

It has also introduced a lower rate two-year fixed option at 2.39% (£199 upfront fees, £999 in total) without cashback.

Christie Cook (pictured), the Nottingham’s head of mortgage product, said: “It’s important to us to do what we can to help first-time buyers achieve their dreams – something that’s been in The Nottingham’s ethos for over 170 years.

“We’re delighted to be announcing these competitively priced 95% LTV products. As a mutual building society that prides itself on helping people onto, and along, the property ladder we aim to keep evolving our products and services – including our focus on our offerings for first-time buyers and those with smaller deposits.”