L&G and the Leeds link up
The new product is available up to 75% loan to value and has no higher lending charge, no completion fee, free standard valuation up to £335, £200 cash back upon completion and a 95% borrower share is also available.
Martyn Smith, head of mortgage products atLegal & General Network, said: “This new 95% borrower share exclusive from Leeds Building Society compliments the 90% borrower share deal we launched last week, providing Legal & General Mortgage Club members yet more choice for their customers.
“Once again fees have been kept to a minimum, making this exclusive great value and easy to access.”
Phil Coombes, head of intermediary sales at Leeds Building Society, said: “Undoubtedly it’s difficult for first-time buyers at the moment.
“It’s pleasing therefore to be able to offer another exclusive with Legal & General Mortgage Club.
“This shared ownership product is one of the many ways we are trying to help new buyers take their first step on to the ladder.”