Leeds launches shared ownership deal

The 2-year product at 5.69% and the 2-year deal at 6.19% both have an overall maximum loan to value of 75% with a maximum borrower share of 95%.

Kim Rebecchi, sales and marketing director at Leeds, 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 staircase up to full home ownership as earning potential increases.

“They are ideal for customers who have saved for a deposit but cannot buy a property in their own right.

“There is no doubt that these products will prove attractive to those customers who are ready to make the first step into home ownership.”