The Newcastle Building Society has launched a new range of mortgage purchase products at 90% loan-to-value.

It includes a two-year tracker priced at 4.60% and a two-year fix at 5.95%.

The mutual will allow multiples of up to 3.25 times an individual’s annual salary, or three times the joint salary of a couple.

Steve Urwin, senior sales and marketing executive at Newcastle Building Society said: “Conditions in the mortgage market have been very difficult for sometime