The lender is offering loans of up to 100% of a properties’ discounted purchase price and up to 75% LTV of its open market valuation on a five-year fix, starting at 3.90%.

The maximum discount for tenants eligible to buy their homes is £84,200 across most of England and £112,300 in London.

Bluestone sales and marketing director Reece Beddall says: “For too long, a large cohort of customers have been excluded by mainstream lenders.

“We believe it’s our moral duty to help thoase who are traditionally underserved to climb onto the property ladder, giving them the opportunity to achieve their homeownership dreams.”

Early last month, Bluestone relaunched its Help to Buy mortgage range, making it available to the whole of market.