Leeds BS launch shared ownership deal
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Leeds Building Society is launching a shared ownership mortgage product designed to help first-time buyers.
The deal has a 75% LTV or a maximum borrower share of 80% with a 6.99% fixed rate.
Phil Coombes, head of intermediary sales at Leeds Building Society, says: “We are all well aware of the difficulties facing first time buyers buying a home. They can often struggle to meet the full asking price or their current income is insufficient to support a full mortgage.
“This shared ownership product facilitates that first step, and provides a starting point to staircase up to full home ownership as earning potential increases.”
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