Barclays has extended the maximum LTV on its Woolwich mortgage range to 90 per cent.
The lender previously lent to a maximum of 85 per cent LTV, but has now launched a 90 per cent LTV range which includes fee-free deals.
It is launching a three-year fix with no fees at 4.99 per cent up to 90 per cent LTV, and a five-year fix at 5.49 per cent.
The five-year fix has no application fee for customers who qualify for a Barclays Loyalty mortgage and a £499 fee for all other borrowers.
Barclays head of mortgages Andy Gray says: “As one of the UK’s largest lenders we recognise the importance of supporting the first-time buyer market which is why we have committed today to extend our lending to 90 per cent LTV.
“Higher LTV mortgages with more competitive rates have started to come through to 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.”
The 90 per cent LTV deals have a minimum loan size of £50,000 and a maximum size of £500,000.
Barclays’ maximum LTV for new-build properties continues to be 85 per cent, but it does offer a Perfect 10 deal via Bovis for the new-build market at 90 per cent LTV.