Barclays brand Woolwich is extending its range of fixed rate mortgage deals to 90% LTV on Thursday.
The range includes a fee-free three year fixed rate at 4.99%.
The 90% range also includes a five year fixed rate at 5.49% with no application fee for customers who qualify for a Barclays Loyalty mortgage and a low £499 fee for all other borrowers. All the deals revert to a lifetime tracker of 3.39% above base after the fixed rate period ends.
All 80% and 85% LTV mortgages will be maintained at their current rates.
The minimum loan available at 90% LTV is £50,000 and the maximum is £500,000.
Andy Gray, head of mortgages for Barclays, said: “As one of the UK’s largest lenders we recognise the importance of supporting the first time buyer market which is why we’ve committed today to extend our lending to 90%. Higher loan-to-value mortgages with more competitive rates have started to come through the market this year and our deals are sitting well below the average rates to encourage homebuyers and remortgage customers alike to get some great fee-free mortgages.
