Thursday, June 13, 2024
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Good news for first time buyers, as Leeds Building Society makes further improvements to mortgage rates 

In support of its purpose of putting homeownership within reach of more people, Leeds Building Society has made rate reductions on selected products aimed at first time buyers. 

Effective from 8 December 2023, rate reductions will be made to the higher LTV (loan to value) mainstream mortgage range and shared ownership products: 

2-Year Fixed Rate Mortgage: 6.08% 

95% LTV 

Initial Rate: 6.08% 

£0 Fee 

£500 Cashback 

Term: 2 years, until 31/03/2026 

  

Shared Ownership 5-Year Fixed Rate Mortgage: 5.78% 

Borrower share – 95% 

Initial Rate: 5.78% 

£0 Fee 

Term: 5 years, until 28/02/2029 

  

Sean Hanson, Senior Mortgage Manager at Leeds Building Society, said: 

“We understand that saving up and building a deposit is harder than ever for aspirational first time buyers. Borrowers with smaller deposits remain a key focus for us, as we seek to deliver on our purpose to put home ownership within reach of more people. 

 ”We keep our mortgage range under constant review and have decided to improve rates on our higher-LTV mortgages and Shared Ownership product range, which we expect will appeal to first time buyers.” 

“As the UK’s largest lender on shared ownership, we believe this is the most effective way to lower the deposit hurdle and help more people get a foothold on the property ladder”. 

For more information please visit https://www.leedsbuildingsociety.co.uk/ 

  

First Time Buyer is an exciting bi-monthly glossy which takes a stylish and comprehensive look at all the options available, setting them out in an entertaining and informative way, and helping potential customers navigate their way through what is often a daunting and complex process. We dispel the myths, reinforce the facts and arm the reader with the tools necessary to make their homeownership dreams a reality.

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