First-time buyers purchasing a new build house or flat with home builders up to the value of £500,000 will be eligible for the products.
Barclays offers a 2-year fixed rate mortgage at 4.99% or a 4-year fixed rate deal at 5.89%.
Both come with a £499 application fee and revert to a lifetime tracker at Bank Base Rate +3.99%.
Andy Gray, head of mortgages at Barclays, said: “We are pleased to be one of the first lenders to be helping even more buyers with small deposits to buy new homes.
“We believe this will boost housing market confidence and support the flow of new housing providing positive consequences for jobs and the economy as a whole.
“The mortgages we have launched today give buyers a really attractive rate and strike the right balance for Barclays and builders to offer 95% mortgages in a sustainable way.”
Barclays mortgages will be available on new Bovis, Barratt, Bellway, Redrow, Persimmon and Taylor Wimpey homes.
