The products are open to those with a maximum household income of up to £80,000 or £90,000 in London, and buyers can purchase between 25 per cent or 75 per cent of the property. 

The range offers fixed and variable rates which include a two-year discounted variable rate at 85 per cent LTV priced at 4.09 per cent while at 95 per cent LTV, this has a rate of 4.29 per cent. 

The two-year fixed option at 85 per cent LTV has a rate of 6.39 per cent and the equivalent at 95 per cent LTV has a rate of 6.69 per cent.  

For five-year fixes, the product at 85 per cent LTV has a rate of 6.09 per cent, while the 95 per cent LTV option is priced at 6.39 per cent. 

The products have no fee. 

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Shawbrook is the specialist mortgage sector’s ‘best kept secret’ – Sard

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Newcastle: ‘Demand for shared ownership will grow’

Stuart Miller (pictured), chief customer officer at Newcastle Building Society, said: “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 the 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.”