Metro Bank has increased its maximum loan-to-value (LTV) for new-build flats and houses to 90%, and capital raising is now permitted up to 90%.
There are no restrictions on maximum storey height for houses, and rates are from 2.99%.
A maximum loan size of £675,000 applies, with offers valid for nine months.
Builder incentives are accepted up to 5% of the purchase price and can include builders deposit contribution, white goods, carpets and curtains, cashback, legal fees and a contribution towards stamp duty.
As a separate bonus for customers looking for a residential mortgage, the bank has returned to its pre-COVID position of allowing capital raising for both further advances and remortgages at up to 90% LTV, which was temporarily limited to 80% LTV.
Charles Morley, director of mortgage distribution at Metro Bank, said: “We’re always eager to offer added value for our growing number of customers.
“These improvements to our range of new build residential mortgages, alongside increasing max LTVs for capital raising purposes, ensure that we’re providing greater value, flexibility and choice to both intermediaries and our customers.”