Leeds Building Society has brought out a duo of three-year fixed shared ownership deals available at 90 and 95 per cent borrower share.
The current deals will sit aside its existing one-year fixed and five-year fixed rate shared ownership mortgages.
The three-year fixed rate deals are available from today and are priced at 5.12 per cent for 90 per cent borrower share and 5.4 per cent for 95 per cent borrower share.
The 90 per cent borrower share deal is eligible for purchase and remortgage and the 95 per cent borrower share is available for purchase only.
Each comes with free standard valuation and no product fee.
Sean Hanson, senior mortgage manager at Leeds Building Society, said: “By leading the way in shared ownership, we remain steadfast in our commitment to help people onto the property ladder.
“It is now the hardest time to afford a home since our founding year in 1875, a sad reflection of decades of inaction to tackle the UK’s housing crisis.”
He added: “Shared ownership remains the most effective means of reducing deposits for renters who want to become homeowners but do not yet have the means for traditional full ownership.
“We are pleased to be able to add new shared ownership mortgage products and will continue to support first-time buyers to get on the housing ladder as the 40-year-old scheme continues.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
