Leeds launches 95% LTV shared homeownership range

Phil Coombes, Leeds Building Society's, 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 staircase up to full home ownership as earning potential increases."

The two-year product at 5.69%, and the three-year deal at 6.19%, both have an overall maximum LTV of 75% with a maximum borrower share of 95%.

Leeds also launched a two year tracker at 3.09% last Friday, offered at Base Rate plus 2.59% until 2014, available to 80% Loan to Value (LTV). The product offers a free valuation and legals for standard remortgages.