Launched to First Complete network today 29th November, Leeds Building Society is offering a special ‘residential two-year fixed rate’ and a ‘shared ownership two-year fixed rate’.
The residential two-year fixed rate is available up to 80% LTV at a rate of 3.25%. This deal includes free standard valuation of up to £335 and free legal service for standard re-mortgages. A £600 administration fee is payable upon completion and there is a £199 booking fee.
Aimed at housing association purchases the shared ownership exclusive has a rate of 5.35% fixed for two years, is available up to a maximum 75% LTV, and buyers are able to borrow up to 95% of their share. There is a £199 booking fee and £200 completion fee with a free standard valuation of up to £335.
Karen Hedges, First Complete’s mortgage manager, says:
“We continue to work hard to secure exclusive deals for the network to ensure our advisers are able to offer the best deals to their clients.
"Shared equity deals are increasingly important to help borrowers either get onto the housing ladder or to buy a bigger house. These new rates are amongst the best in the market and will be a welcome addition to our product range.”
Philip Coombes, Head of Intermediary Sales at Leeds Building Society, added:
“I’m delighted we have been able to provide our partners at First Complete with products that will support their brokers and in turn their clients in these key areas of the market."
