Danske Bank and Coventry Building Society have both unveiled new 95% loan to value (LTV) mortgage products.

Coventry Building Society re-enters the market today, while Danske Bank launched their latest deals yesterday, with two-year and five-year fixed rate products both available at 4.4%.

The move comes after Accord re-released 95% LTV deals a fortnight ago, followed by deals launched by Bank of Ireland, TSB and Aldermore.

Kevin Purvey, director of Mortgage Distribution at Coventry Building Society, said: “Helping more first-time buyers get on the property ladder is a key focus for us and we recognise that one of the biggest hurdles facing many of them is the size of deposit required by lenders.

“We continued to support the market last year by lending at 90% LTV and our enhancement to 95% this week will provide further solutions for would be buyers.

“And importantly, our intermediary partners can be confident in our ability to deliver consistent levels of service across our telephony and underwriting teams.”