To mark its return the lender has launched a new five-year fixed rate Shared Ownership product available up to 95% of the purchase price (75% LTV), including for new build, at a rate of 3.99%.

The Society has also reduced the rate on its Standard Residential five-year fixed rate product with a 90% LTV from 3.59% to 3.39%.

Dan Atkinson, head of intermediaries at the Melton, said: “We temporarily withdrew our Shared Ownership offering last year to maintain our service levels.

“The Melton has long supported first-time buyers with a range of shared ownership mortgages and innovative lending criteria to help them get on the housing ladder.

“Together with our competitively-priced high LTV Standard Residential mortgage, we have a great offering for first time buyers.”

The Melton said its broker website provided an online end-to-end mortgage processing system that enabled brokers to register, obtain a DIP, submit an application, upload documents and track cases online – all in one easy to access place.

They could also access current service levels, affordability calculators, product guide, lending criteria and a Broker Live Chat service.