Kier Homes is offering first-time buyers a 95% LTV mortgage.
The house builder has teamed up with specialist lender Step One Finance a private limited company to offer the deal.
The scheme offers potential buyers a secured loan combined with a traditional first mortgage.
Step One Finance offers up to 15% of the purchase price as a secured loan on top of a first mortgage to a total LTV of 95%. The buyer then provides the extra 5%.
The loan is secured with a 10-year term and has no early repayment charges. The deal is only available for selected new-build homes. Potential buyers will be referred to an adviser after viewing a property.