Save up to £535 with Leeds shared ownership mortgage range

Leeds Building Society has unveiled a new and improved Shared Ownership mortgage range, where customers can save up to £535.

As well as reducing the booking fee by £200, the Society is also offering a free standard valuation up to £335. Interest rates across the shared ownership range have been reduced by up to 0.3%. In addition, the Society is offering free legal services for re-mortgages on selected products.

The new shared ownership mortgage range starts with a competitive 2 year fixed rate of only 6.19%. This product has an overall maximum LTV of 75% with a maximum borrower share of 95%. There are also 3 year fixed rate products, available up to 75% LTV, at 6.29% with a maximum borrower share of 80%, and at 6.69% with a maximum borrower share of 95%.

Kim Rebecchi, Leeds Building Society's Sales and Marketing Director said, "These new products have been designed to help first time buyers onto the housing ladder. We are pleased to offer them help with up front costs as they can save up to £535 by us reducing the booking fee by £200 and offering them a free valuation up to £335. This is in addition to reducing rates by up to 0.3% across our shared ownership range, and offering free legal services for re-mortgages on selected products.

"These new 2 and 3 year products, all available up to a maximum 75% LTV, start at 6.19% with a maximum borrower share up to 95%. These are competitive rates for shared ownership mortgages, and are ideal for customers who have saved for a deposit but cannot buy a property in their own right."