Leeds Building Society has recently announced the launch of its new shared ownership mortgage options, offering customers the chance to purchase a property with a smaller deposit. The move is part of the Society’s commitment to helping more people get onto the property ladder and make their dream of owning a home a reality.
Shared ownership mortgages are an increasingly popular way for people to purchase a home, allowing them to buy a portion of the property and pay rent on the remainder. This can be a great way for those who don’t have the full deposit to purchase a property outright, or who may not be able to get a traditional mortgage.
The Leeds Building Society’s shared ownership mortgage options are available on both new-build and existing properties, and offer customers the chance to purchase between 25% and 75% of the property. The Society is also offering a range of competitive rates, making it easier for customers to get the best deal for their needs.
The Society is also offering additional support for those looking to purchase a shared ownership property, such as access to independent financial advice and an online calculator to help customers work out how much they can afford. This additional support is designed to make the process of buying a home as straightforward as possible.
The launch of Leeds Building Society’s shared ownership mortgage options is great news for those looking to get onto the property ladder. With competitive rates and additional support available, it’s never been easier to purchase a home with a smaller deposit. For those who are considering taking the plunge and buying a property, the Society’s shared ownership mortgage options could be just the answer they’ve been looking for.