Leeds launches two new shared ownership products

Thursday 16th February 2012

Leeds Building Society has launched two shared ownership mortgage products.

One is a two-year product at 5.69% and the other a three-year deal at 6.19%.

Phil Coombes, Leeds BS head of intermediary sales, said: “We are all well aware of the difficulties facing first-time buyers buying a home. They can often struggle to meet the full asking price or their current income is insufficient to support a full mortgage.

“These shared ownership products facilitate that first step and provide a starting point to progress to full home ownership as earning potential increases.”