Leek Building Society has expanded its Shared Ownership offering with the launch of two new 90% loan-to-value (LTV) fixed rate mortgages.
The society has introduced a 2-year fixed at 4.55% and a 5-year fixed at 4.45%, both available through intermediaries and with no valuation fees.
The products sit alongside Leek Building Society’s wider Shared Ownership range, which offers up to 95% LTV on the share being purchased, manual underwriting to assess each case individually, and availability for both purchases and remortgages, including new build houses and flats.
Nikki Warren-Dean, head of intermediary mortgage team at Leek Building Society, said: “Shared Ownership is an essential part of the UK housing landscape, providing a lifeline for buyers who might not be able to afford a mainstream mortgage product.
“At Leek Building Society, we continue to recognise its importance, and we’re committed to continuing our support for brokers who work in this space.
These new 90% LTV products have been designed with brokers in mind, offering competitive rates, no product or valuation fees, and the flexibility that comes from manual underwriting.
“It’s another way we’re helping more clients take that first step onto the property ladder.”
