Leeds BS expands shared ownership mortgage range

Leeds Building Society is expanding its shared ownership mortgage range with two new three-year fixed deals available on 90% and 95% borrower share.

The new products are available at 5.12% to 90% borrower share and 5.40% on 95% borrower share.

Each comes with a free standard valuation and has no product fee.

Sean Hanson, senior mortgage manager at Leeds Building Society, said: “By leading the way in shared ownership, we remain steadfast in our commitment to help people onto the property ladder.

“It is now the hardest time to afford a home since our founding year in 1875, a sad reflection of decades of inaction to tackle the UK’s housing crisis.

“Shared ownership remains the most effective means of reducing deposits for renters who want to become homeowners but do not yet have the means for traditional full ownership.

“We are pleased to be able to add new shared ownership mortgage products and will continue to support first-time buyers to get on the housing ladder as the 40-year-old scheme continues.”