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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.”


Smee to take over as CML’s director-general

The Council of Mortgage Lenders has appointed Paul Smee as its new director-general, replacing Michael Coogan who will leave on July 29. Smee is the former chief executive of the Payments Council and founding director-general of the Association of Independent Financial Advisers. Outgoing CML chairman Colin Walsh says: “I am sure that with Paul at […]


Do banks need to kill off the claims firms they created?

The claims management industry was no doubt rubbing its hands with glee when the Financial Services Authority announced that lenders must reimburse those who were mis-sold payment protection insurance.

Retire, retirement, calculator

Defined benefit schemes: Part 2

Justin Corliss, business development manager In defined benefit (DB) schemes part 1, we looked at recent guidance aimed at DB scheme trustees and sponsors. In part 2 we will look at guidance available to pension transfer specialists (PTS). In the first instance, PTS should familiarise themselves with COBS 19. All guidance below is designed to […]


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