Legal & General Mortgage Club has announced an exclusive deal with Leeds Building Society to help expand its shared ownership and interest-only offerings.
The exclusive deals will cater towards buyers eager to utilise shared ownership as a means of getting on the property ladder, as well as helping out those searching for interest-only options.
The new products include: a 2 year fixed-rate at 3.99% on shared ownership deals, with a 75% loan-to-value (LTV), in addition to a 2 year fixed rate interest-only offering at 2.04% for 60% LTVs and 2.19% for 75% LTVs. The interest-only deal offers £100 cashback, while the shared ownership products have no fees and a £200 cashback.
“These exclusive rates are extremely competitive, and target two growing areas of the market,” said Jeremy Duncombe, Director of Legal & General Mortgage Club. “We are delighted that Leeds Building Society has chosen us to distribute these products, adding further value and diversity to the offerings our brokers already bring to the table.”
Martese Carton, Leeds Building Society’s Head of Intermediary Distribution, added: “We’re delighted to be able to launch these exclusive products with Legal & General. We’re committed to supporting customers with a variety of borrowing needs to offer choice and flexibility as well as a competitive range of products.”