Newcastle Intermediaries has launched a Shared Ownership range.

The lender says the range includes products to support first-time buyers (FTBs) or borrowers with limited affordability.

The range is available up to 95% loan-to-value (LTV) of the borrower’s share.

The products are available to those with a maximum household income of up to £80,000 and increases to £90,000 for those in London. 

The lender says the range also offers buyers the ability to purchase between 25% and 75% of the property.

Newcastle Building Society chief customer officer Stuart Miller says: “We’re committed to helping people in our communities achieve home ownership and providing as many options to buyers as possible.”

“With the Help to Buy scheme closed to new applications on 31 October, and the government committed to delivering 300,000 new homes a year by the mid-2020s, we believe the demand for Shared Ownership will continue to grow which is why we’re introducing two new high LTV products, aimed at borrowers with smaller deposits.”