It has been revealed that a popular lender is now providing mortgages for customers with 25% deposits for the first time in a year.

The lender has introduced a new 75% loan-to-value (LTV) mortgage range which includes a two-year fixed-rate deal at 3.99% and 4.09%.

A lifetime tracker charging interest at 2.94%, the base rate plus 2.44%, and 3.44%, which is at the base rate plus 2.84%, will also be available within the new range.

Meanwhile, the firm is reducing the rate of its 70% LTV tracker mortgage from 2.79% to 2.77%.

Andy Gray, head of mortgages at the group, said ‘This is the fifth time we have lowered our rates since the beginning of September and we are definitely seeing a trend in the market for lower rates and more competition".

He added: "With more people looking for mortgages, the new range and tier gives greater choice for borrowers with goods rates at the right time."