Figures:
- Three years at 5.99%
- Maximum LTV of 75%
- Maximum borrower share of 95%
Kim Rebecchi, Leeds Building Society's Sales and Marketing Director 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.
"This shared ownership product facilitates that first step, and provides a starting point to staircase up to full home ownership as earning potential increases.
"Our new 3 year product at 5.99% has an overall maximum LTV of 75% with a maximum borrower share of 95%. It's ideal for customers 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 customers who are ready to make the first step into home ownership."
