"In the first half of this year, 49% of all new borrowers to Leeds Building Society were first-time buyers."
Leeds Building Society has reduced rates across a selection of its mortgage products, including its shared ownership and high LTV ranges.
The Society has reduced rates on 26 products across its mortgage range.
Highlights include a shared ownership two-year fixed rate with a 90% borrower share, which has reduced to 5.99% with a £999 fee.
In addition, a five-year fixed rate shared ownership product at 95% borrower share is now available at 6.14% with no fees.
A five-year fixed rate at 95% LTV has also seen a reduction to 5.86% with a £999 fee.
Jonathan Thompson, senior mortgage manager at Leeds Building Society, said: “In the first half of this year, 49% of all new borrowers to Leeds Building Society were first-time buyers. The changes we have made to our mortgage range shows our continued support for those looking to step onto the property ladder.
“As a key lender in the affordable housing sector, we are proud to make improvements to our shared ownership mortgage range. Shared ownership is a great solution to help aspirational homeowners to get a foothold on the property ladder as buyers need a smaller deposit, allowing them to buy sooner than they might otherwise.
“The changes we’ve made to the mortgage range reflect our ongoing support for first-time buyers, with the aim of putting homeownership within reach of more people.”
