Sainsbury’s Bank is launching four 95 per cent LTV mortgages aimed at first- and second-time buyers.
The mortgages have fixed terms of two and five years, with rates starting from 3.49 per cent.
All have £250 cashback and free valuations.
The loans will be sold through brokers and direct over the telephone.
Sainsbury’s Bank head of banking David Buxton says: “We believe the 95 per cent LTV market will continue to play an important role in the future of UK mortgage lending and we’re delighted to introduce these new competitive products.
“This range of new products, paired with the incentive of free valuation and cash back will make it possible for first time buyers, and support second time buyers, to find their perfect home.”