Leeds BS cuts rates on shared ownership mortgages

Leeds Building Society has reduced rates by 0.3% on its three-year fixed rate shared ownership mortgages.

The product is now available at a rate of 6.29% up to 80% LTV, and at 6.69% up to 95% LTV.

The lender is also offering a free valuation up to £335 and free in-house legal services for remortgages.

Phil Coombes, head of intermediary sales at Leeds Building Society, says: “We are providing assistance to first-time buyers with up front costs by offering a free valuation up to £335.

“These two and three-year products offer competitive rates for shared ownership mortgages, and are ideal for clients who have saved for a deposit but cannot buy a property in their own right.”