The West Brom has re-entered the shared ownership market with a range of fixed and discounted variable rate purchase products.

It says the products are available at up to 95% of borrower share, and are tailored towards first-time buyers and existing shared owners with smaller deposits.

The mutual adds that highlights of the range include a two-year fixed-rate loan for house purchases of 3.59% at 95% borrower share, with no completion fee.

And a five-year fixed-rate offer for house purchases at 3.69% at 95% borrower share, with no completion fee and £500 cashback.

The mortgage products revert to the mutual’s standard variable rate at the end of the fixed-rate term, currently 4.09%. The home loans are available directly from the building society or through selected intermediary partners.

West Brom head of intermediaries Richard Scott says: “We’re pleased to be re-entering the shared ownership market with a competitive range of products.

“Supporting first-time buyers and those looking for affordable routes into homeownership is a core part of our purpose, and our new deals will help many more achieve their homeownership goals”.