The Yorkshire Building Society pledged to continue lending at 95% LTV after the government help-to-buy mortgage guarantee scheme ended in December.
The beginning of 2017 has seen demand for 5% deposit home loans rise according to Yorkshire Building Society.
The society saw a 91% year-on-year increase in first-time buyers seeking a 95% LTV mortgage from January 2016 to January 2017.
Charles Mungroo, mortgage manager at Yorkshire Building Society, said: “More and more first-time buyers are trying to get their first step on to the property ladder so the demand for 95% LTV mortgages shows no sign of slowing down.
“It’s positive to see that borrowers realise there are still options available across the market to those with smaller deposits despite the disappearance of the Help to Buy mortgage guarantee scheme.
“We are committed to helping first-time buyers by offering a range of mortgages tailored to suit their specific needs.”
The Yorkshire Building Society pledged to continue lending at 95% LTV after the government help-to-buy mortgage guarantee scheme ended in December.
The group did not use this scheme as part of its 95% LTV offering and during 2016 increased its 95% LTV lending by more than 50% compared to 2015.
The society offers mortgages at 95% LTV starting from 3.49% for a 2-year fixed rate with a £995 product fee.
