The rates have been reduced by 0.70% and 0.60% on the 2-Year Discount product, available up to 95% and 80% of the borrower’s share respectively, and by 0.30% on the 2 and 3-Year Fixed Rate products, available up to 95% and 80% of the borrower’s share.
Kim Rebecchi, Leeds Building Society Sales and Marketing Director said:
“We are all well aware of the difficulties facing first time buyers. They can often struggle to meet the full asking price or their current income is insufficient to support a full mortgage.
“There is no doubt that these shared ownership products offer FTBs a viable way onto the housing ladder and are ideal for people who have saved a small deposit but cannot buy a property in their own right. These mortgages will prove attractive to anyone who is ready to make the first step into home ownership.”
