YBS will now lend on residential house purchase and remortgage applications up to 90% loan-to-value and new build purchases up to a maximum of 85% loan-to-value.

The lender updated its lending policies following the re-starting of physical valuations.

The society will also be re-launching a range of new products to support the new lending.

The highlights of the 90% loan-to-value range for house purchases and remortgage include a two-year fixed rate at 2.08% at 90% loan-to-value with a £495 fee, £500 cashback and free valuation. It’s also offering a five-year fixed rate at 2.33% at 90% loan-to-value with a £495 fee, £500 cashback and free valuation

Charles Mungroo, senior product manager for mortgages at YBS, says: “Following the Government’s announcement last week which lifted a number of restrictions on the housing market, we’re delighted to re-launch our 90% loan-to-value range as well as products for new build purchases up to 85% loan-to-value.

“We hope that by being able to offer higher loan-to-value products within a week of physical valuations restarting, we can demonstrate our commitment to homeowners and those looking to get started on the property ladder to ensure they have a range of options to suit their needs.”