New shared ownership mortgage deals from Leeds BS

Leeds Building Society has launched two shared ownership mortgage products, which have been specifically designed to help first time buyers (FTBs) onto the housing ladder, and are available up to 95% of the borrowers share.

Martin Richardson, General Manager Marketing & Business Development said, "We are all well aware of the difficulties facing first time buyers buying a home. They can often struggle to put down a large enough deposit on the full asking price or their current income is insufficient to support a full mortgage.

"These shared ownership products facilitate that first step, with only a small deposit required, and provide a starting point to staircase up to full home ownership, as earning potential increases."

Lees Building Society is offering customers either a fees assisted fixed rate or variable rate with a cashback.

Martin continued, "There is no doubt that these products offer FTBs a viable way onto the housing ladder and will prove attractive to those customers who are ready to make the first step into home ownership."