Leek Building Society has partnered with Own New, allowing the society access to Own New’s Rate Reducer mortgage range.
The Own New Rate Reducer mortgage was designed to lower interest rates and reduce monthly repayments for the initial fixed-rate term.
Helen Wainwright, director of lending at Leek Building Society, said: “Our Own New Rate Reducer product is a game-changer for those looking to buy their dream home.
“With lower initial rates, it’s a more affordable way to step onto the property ladder.
“We’re thrilled to be working with Own New on this innovative initiative.”
Eliot Darcy from Own New added: “We’re thrilled that Leek Building Society is now offering Rate Reducer mortgages.
“This opens-up Rate Reducer to more people with a bigger range of circumstances, including people with a 5% deposit buying a new build flat.
“Our goal is to make buying a new home more affordable for everyone, and this partnership allows us to bring real, tangible savings to buyers across the country.”
