The deal is available with a 3.49% fix which is available up to 90% loan-to-value (LTV) with no product fee. Cash back will be paid within 60 days of the date that the mortgage completes.

Gareth Byrne – head of mortgages for Reliance Bank, said “I am really proud that Reliance Bank now offer a £250 cash back incentive to customers who are looking to buy their home under the Shared Ownership scheme with a housing association.”

Reliance Bank has been in business since 1890 when it was formed by William Booth the founder of The Salvation Army.