This product, with one of the lowest rates in the market and designed to help first time buyers onto the housing ladder, also offers a free standard valuation up to £335 and has no higher lending charge.
Phil Coombes, Leeds Building Society’s Head of Intermediary Sales said:
“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.
“Our 2 year fixed rate shared ownership product, at only 4.99% following a rate cut of 0.70%, is ideal for clients who have saved for a deposit but cannot buy a property in their own right. There is no doubt that this product will prove attractive to those clients who are ready to make the first step into home ownership."
