Leeds Building Society will reduce charges on two chosen excessive loan-to-value merchandise geared toward first-time patrons from tomorrow (8 December).
The mutual says its reductions come inside its mainstream mortgage and shared possession ranges.
They cowl two-year fixes at 95% LTV at 6.08%, with no price, with £500 cashback — and shared possession five-year fixes at 5.78%, with no price, and the borrower share set at 95%.
Leeds Building Society senior mortgage supervisor Sean Hanson says: “Borrowers with smaller deposits stay a key focus for us, as we search to ship on our function to place home possession inside attain of extra folks.
“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 FTBs.”
“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”.
