"Given the pent-up demand from buyers being unable to access 95 per cent deals over the last year or so, we expect to see high volume levels of applications."
The products include a fee-free five-year fixed rate at 4.17% and a fee free shared ownership five-year fix at 4.52%.
Only the shared ownership product can be used for new build or flats. The products have a maximum LTI of 4.49 and a maximum loan size of £450,000.
The Society has warned that it expects to see a high level of demand for the products and could pull the deals at short notice.
Alex Beavis, Skipton’s head of mortgages, said: “The time is now right for Skipton to once again support first-time buyers who have been able to save a five per cent deposit.
“The Society is in a strong financial position and this means we can re-enter the 95% market with confidence, focused on delivering on our mutual purpose of enabling homeownership and supporting this most underserved segment of first-time buyers.
“Given the pent-up demand from buyers being unable to access 95 per cent deals over the last year or so, we expect to see high volume levels of applications.”
