Legal & General Mortgage Club has launched a shared ownership exclusive with Melton Building Society, which is available to members until the end of January 2022.
The building society has also increased the minimum loan amount to £75,000 and the max loan amount to £250,000.
Danny Belton (pictured), head of lender relationships, Legal & General Mortgage Club, said: “Regional building societies are increasingly playing a vital role in filling market niches – helping buyers onto the property ladder.
“We’re pleased to offer this revised exclusive from The Melton Building Society, which will undoubtedly provide further support to those buyers who need it most.”
The product has valuation fees but no application or completion fee.