Newcastle for Intermediaries has extended its shared ownership home loans to a panel of registered for-profit providers of the scheme.  

The range is available to new home buyers and those looking to remortgage with a maximum household income of up to £80,000 (£90,000 in London), and a maximum loan amount available being 95% loan to value of the borrower’s share.   

Newcastle Building Society’s broker-only arm says its two- and five-year fixed rate options are available, with the proposition now offering £200 cashback on selected products. 

The for-profit providers on the lender’s panel are: 

• Flint Housing Limited 

• HSPG (Park Properties Housing Association Ltd) 

• Legal & General Affordable Home 

• Linden First  

• M&G UK Shared Ownership  

• ReSI Housing  

• Sage Homes RP  

• Simply Affordable Homes RP  

• Sparrow Shared Ownership  

Newcastle Building Society head of intermediary mortgages Franco Di Pietro says: “Since Help to Buy ended, we’ve seen significant growth in demand for shared ownership mortgages, particularly within the for-profit market.  

“With the government’s ambitions home building target to deliver 1.5 million more homes in the next five years, this trend is set to continue.  

He adds that the move “broadens choice for our broker partners and their clients. By working together with both not-for-profit and for-profit providers we can deliver even more flexible, affordable pathways onto the property ladder.”