Reliance Bank has launched its new residential mortgage product range to both the intermediary market and direct to customers.

As part of the refresh, the bank has introduced a new house purchase and remortgage five-year fixed rate range, subject to a minimum loan amount of £125,000.

It has also introduced a minimum qualifying loan amount of £125,000 for its key worker mortgages and £75,000 for its shared ownership mortgages.

Meanwhile, it has maintained an £850 cashback incentive for all shared ownership and key worker mortgage completions.

Gareth Byrne, head of mortgages for Reliance Bank, said: “Our residential mortgage range is designed to have a positive social impact, that’s why I am delighted that we continue to provide cashback incentives for both shared ownership mortgage completions and key worker mortgage completions.”