Legal & General Mortgage Club has an exclusive residential offering for its members in association with Melton Building Society.
Legal & General members will now have access to a 2-year fixed rate shared ownership mortgage, available up to 75% LTV.
The product is priced at 3.19% and has a minimum loan amount of £75,000.
There are no application or completion fees with the product and £250 cashback available.
Danny Belton, head of lender relationships at Legal & General Mortgage Club, said: “Legal & General Mortgage Club has been working closely with the Melton Building Society to develop this offering.
“Shared ownership has enabled thousands of first-time buyers to achieve their homeownership goals, and we’re excited to bring this exclusive product to our key partners.”
Dan Atkinson, head of sales and marketing at Melton Building Society, added: “We’re delighted to be able to work with Legal & General Mortgage Club to provide this exclusive offer to their members.
“We’re committed to supporting customers with a variety of borrowing needs, to offer them flexibility and choice, as well as competitive products.”