The products include a two-year tracker deal at 4.60% and a two-year fixed-rate deal at 5.95%. Both deals come with a £499 completion fee and a £195 reservation fee and are for purchase only.

Newcastle will allow multiples of up to 3.25 times of an individual’s annual salary, or three times the joint salary of a couple.

Steve Urwin, senior sales and marketing executive at Newcastle Building Society said: “Conditions in the mortgage market have been very difficult for some time, and they have had a particular impact on the first-time buyer market, where numbers across the UK have fallen year-on-year by around 4%. We know, however, there is still the demand throughout the UK from many people that want to buy their first home.”

The deals will be available across the Newcastle’s 36 branches and through its direct mortgage operations centre, where Newcastle’s advisers are located.

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