Teachers Building Society has launched two new 95 per cent loan-to-value mortgages.
The lender is offering a two year variable rate at 3.29 per cent and a five-year fixed at 4.49 per cent.
Both deals come with a £99 application fee and free valuations.
Head of mortgage sales Andy Yates says: “We are excited about the launch of these mortgages, designed to help intermediaries support their clients who are teachers and who may have smaller funds available to put down towards a deposit.
“All our standard mortgages are also arrangement fee-free, as we understand that in reality buying your first house can often be one of the most expensive times in people’s lives.”