Related topic: high LTV

The new product complements the Society's existing two-year fixed rate.

The value of new mortgages where the deposit is less than 5% doubled to £1.5bn.

The average value of home movers’ deposits fell -24.8% year-on-year, despite the average purchase price rising 1%.

The Society has reduced residential rates at 90%, 95% and 100% LTV.

The choice of higher LTV options has fallen by 14% since the start of March.

Selina has removed its debt-to-income calculation, increased its maximum borrower age, and reduced minimum loan amounts.

New arrears cases also increased for the first time since 2023.

Patrick Bamford, head of international business development at Qualis Credit Risk, believes if the government wants to keep first-time buyers at the heart of housing policy, then...

Higher LTI ratios and greater product choice offset rising rates for first-time buyers.

Amy Morgan, senior leader for marketing at Target Group, says a rise in high-LTV mortgage lending comes with some real risks that borrowers and lenders need to watch.