Leeds Building Society has introduced a new range of shared ownership mortgages at three year fixed terms.
The deals can be secured with 90% borrower share at 5.12% can and 95% borrower share at 5.40% and are available alongside the lender’s existing one and five year shared ownership mortgages.
Each of the new products is available for purchase and remortgage and comes with a free
tandard valuation and has no product fee.
Leeds Building Society senior mortgage manager Sean Hanson says: “By leading the way in shared ownership, we remain steadfast in our commitment to help people onto the property ladder.
“It is now the hardest time to afford a home since our founding year in 1875, a sad re
flection of decades of inaction to tackle the UK’s housing crisis.
“Shared ownership remains the most effective means of reducing deposits for renters who want to become homeowners but do not yet have the means for traditional full ownership.
“We are pleased to be able to add new shared ownership mortgage products and will continue to support first-time buyers to get on the housing ladder as the 40-year-old scheme continues.”
