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Please note:

Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

2 Year Shared Ownership Fixed Rate Mortgage

RATES CORRECT AS AT 01 October 2024

Initial rate
4.99%
Fixed up to and inc. 31/01/2027

Then changing to the Society's SVR less a discount of 0.75%, (currently)
7.49%
Up to and inc. 31/01/2030

Then changing to the Society's SVR, (currently)
8.24%
For the remaining term of the mortgage

The overall cost for comparison is
7.7%
APRC

Maximum loan to value
75%

FEES AND CHARGES WILL APPLY, SOME OF WHICH ARE NON-REFUNDABLE, SEE BELOW.

Representative Example

A mortgage of £144,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.99% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 3 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 24 monthly payments of £840.12, 36 monthly payments of £1047.97 and 240 monthly payments of £1108.45.

The total amount payable would be £324,951.80 made up of the loan amount plus interest of £179,917.80 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.7% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Additional features

  • Interest calculated daily.
  • Maximum loan £700,000.
  • Not Portable.
  • Not Available in Scotland.
  • Available between 25% - 75% LTV.
  • Free standard valuation up to £999.
  • This product is not available to interest only applications.
  • 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2027.
  • 90% borrower share available.

Fees

Application Fee (payable on application - non-refundable)

£0

Product Fee (payable on application - this is refundable should the mortgage not complete)

£999

Mortgage Exit Fee

£199

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