L&G expands shared ownership range with Leeds BS

Ryan Bembridge

February 17, 2017

Legal & General Mortgage Club has expanded its selection of shared ownership and interest-only deals by partnering with Leeds Building Society.

Shared ownership deals include a 2-year fix at 3.99% to 75% loan-to-value, alongside an interest-only offering consisting of a 2-year fix at 2.04% to 60% LTVs and 2.19% on 75% LTV.

Jeremy Duncombe (pictured), director of Legal & General Mortgage Club, said: “These exclusive rates are extremely competitive, and target two growing areas of the market.

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“We are delighted that Leeds Building Society has chosen us to distribute these products, adding further value and diversity to the offerings our brokers already bring to the table.”

Martese Carton, Leeds Building Society’s head of intermediary distribution, said: “We’re delighted to be able to launch these exclusive products with Legal & General.

“We’re committed to supporting customers with a variety of borrowing needs to offer choice and flexibility as well as a competitive range of products.”

The shared ownership product also benefits from no fees and £200 cashback, with the interest-only deal also offering £1,000 cashback.

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