The 5.99% three-year-fix will be available on all properties located in the East of England, the Cambridge’s standard lending area, through advisers signed up to the Mortgage Intelligence network.

A £300 completion fee applies to the product and includes a free standard valuation.

Sally Laker, managing director of Mortgage Intelligence, said: “We are delighted to be able to offer this competitive 95% LTV product with The Cambridge. The availability of higher LTV products is now an increasing trend which can only assist the recovery of the first time buyer purchase market.”

Andy Lucas, commercial director at the Cambridge, added: “We remain committed to supporting first-time buyers in the East of England and on top of that, this product is also open to second steppers who may require a higher LTV product to help them move into a larger property.”