The change means The Cambridge now offers 80% LTV for residential and buy-to-let lending on high-rise residences over eight storeys high providing they were built after January 2020.
This means buyers using support from parents or relatives can borrow more when purchasing or remortgaging a home.
The change means buyers purchasing a new build flat could secure a Newcastle Building Society mortgage with just a 10% deposit, increasing options for homebuyers.
One significant change is the removal of geographical restrictions for new build flats.
Applicable to new-build and standard, second-hand properties, the changes will break down barriers facing some mortgage applicants.
The bank aims to support first-time buyers and home movers to make a purchase.
As of 11th December 2023, the Society now accepts applications for new build flats at up to 95% loan-to-value (LTV).
The intermediary-only lender has increased its max LTV to 75% for landlords looking to purchase a new-build flat.