TSB Bank has become to the latest lender to signal a 95% loan to value (LTV) mortgage launch.

The new products will be on the market from 7 April and will be available direct with TSB and via brokers.

Loans are available up to £500,000 and will be available to first-time buyers and home movers.

Flats and new build homes will continue to be capped at 85% LTV.

Nick Smith, TSB’s head of mortgages, said: “We know that for many first-time buyers, raising a deposit is often the biggest challenge. We were one of the first lenders to return to offering 90% LTV during the pandemic, and we’re pleased to now reintroduce our 95% LTV range giving further options for first-time buyers and those wanting to move home.”