Shared Ownership/Equity mortgages

Shared Ownership and Shared Equity mortgages are increasingly popular for first-time buyers looking to get on the property ladder. ‘Traditional’ mortgages typically require a significant deposit, which can be difficult for some to manage.

Purchasing a shared ownership property may relieve some of this pressure, as you will purchase only part of the property initially and pay rent to a housing association or landlord for the share you don’t yet own. You can then purchase further shares as and when you can afford to.

With a shared equity scheme, you pay a percentage of the full open market purchase price but acquire ownership of 100% of the property. The balance of the purchase price is provided by an equity sharing lender.

You can choose from applying online¹ or over the phone, and can even use our mortgage calculator and get a decision in principle today.

Warning:THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

2 year Fixed Rate Shared Ownership

Initial fixed rate up to and inc. 31/01/19Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
3.50% 5.44%5.2%75%80%£0 View
Max loan amount £500,000
3.70% 5.44%5.2%75%85%£0 View
Max loan amount £500,000

Initial fixed rate up to and inc. 31/12/18Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
3.89% 5.44%5.3%75%90%£0 View
Max loan amount £500,000
3.99% 5.44%5.3%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £95,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.89% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £495.23 and 276 monthly payments of £573.65.

The total amount payable would be £170,248.15 made up of the loan amount plus interest of £75,213.15 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 5.3% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • For fixed rates up to and including 31/01/19, Tapered Early Repayment Charges apply up to and including 31 Jan 2019.
  • For fixed rates up to and including 31/12/18, Tapered Early Repayment Charges apply up to and including 31 Dec 2018.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Maximum loan £500,000.
  • These products are not available to interest only applications.
  • These products are not portable and are not available in Scotland.

3 year Fixed Rate Shared Ownership

Initial fixed rate up to and inc. 31/01/20Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
4.34% 5.44%5.3%75%90%£0 View
Max loan amount £500,000
4.49% 5.44%5.3%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £82,000 payable over 25 years initially on a fixed rate for 3 years at 4.34% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 22 years would require 36 monthly payments of £447.93 and 264 monthly payments of £494.91.

The total amount payable would be £146,815.61 made up of the loan amount plus interest of £64,780.61 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 5.3% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2020.
  • Free standard valuation up to £999.
  • Maximum loan of £500,000.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • These products are not portable and are not available in Scotland.

5 year Fixed Rate Shared Ownership

Initial fixed rate up to and inc. 31/01/22Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
4.84% 5.44%5.3%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £76,000 payable over 25 years initially on a fixed rate for 5 years at 4.84% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 20 years would require 60 monthly payments of £436.79 and 240 monthly payments of £459.14.

The total amount payable would be £136,437.11 made up of the loan amount plus interest of £60,402.11 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 5.3% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2022.
  • Free standard valuation up to £999.
  • Maximum loan of £500,000.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • These products are not portable and are not available in Scotland.

3 year Fixed Rate Shared Equity

Initial fixed rate up to and inc. 31/01/20Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
3.69% 5.44%5.1%95%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £120,000 payable over 25 years initially on a fixed rate for 3 years at 3.69% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 22 years would require 36 monthly payments of £612.49 and 264 monthly payments of £719.36.

The total amount payable would be £211,996.64 made up of the loan amount plus interest of £91,961.64 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 5.1% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2020.
  • Mixmimum loan £500,000
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • This product is not available to interest only applications.
  • This product is not portable and not available in Scotland.

2 year Discount Shared Ownership

Initial variable rate for 2 years (currently)TermsThen the Society's SVR less 1% discount for 3 years, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower Share availableArrangement Fee
2.94% The Society's SVR less 2.50%4.44%5.44%4.9%75%80%£0 View
Max loan amount £500,000
3.04% The Society's SVR less 2.40%4.44%5.44%4.9%75%85%£0 View
Max loan amount £500,000
3.14% The Society's SVR less 2.30%4.44%5.44%4.9%75%90%£0 View
Max loan amount £500,000
3.34% The Society's SVR less 2.10%4.44%5.44%4.9%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 1 SEP 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £40,000 payable over 25 years initially on a 2.5% discount on our current Standard Variable Rate of 5.44% for 2 years and then a 1% discount on our current Standard Variable Rate of 5.44% for 3 years and then on our current Standard Variable Rate of 5.44% for the remaining 20 years would require 24 monthly payments of £188.29, 36 monthly payments of £218.41 and 240 monthly payments of £237.5.

The total amount payable would be £69,417.26 made up of the loan amount plus interest of £29,382.26 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 4.9% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge
  • Tapered Early Repayment Charges apply for the first 2 years.
  • 10% capital repayments allowed each year.
  • Maximum loan amount £500,000 applies.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • These products are not portable and are not available in Scotland.

Scottish Homestake / LIFT Fees Assisted

Initial fixed rate up to and inc. 31/01/20Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Arrangement Fee
3.69% 5.44%5.1%95%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £50,000 payable over 25 years initially on a fixed rate for 3 years at 3.69% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 22 years would require 36 monthly payments of £255.2 and 264 monthly payments of £299.73.

The total amount payable would be £88,352.35 made up of the loan amount plus interest of £38,317.35 and booking fee £0, product arrangement fee £0, valuation fee £0.

The overall cost for comparison is 5.1% 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.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

  • No Higher Lending Charge.
  • Tapered Early Repayment Charges apply up to and including 31 Jan 2020.
  • Maximum loan £500,000
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • This product is not available to interest only applications.
  • This product is not portable and is only available in Scotland.

¹If you apply for a mortgage online you will not receive advice from Leeds Building Society. You will need to make your own choice about which mortgage is suitable for you and we will not assess the suitability of that mortgage to your needs and circumstances. You will not benefit from the protections offered by an advised service. This is called an execution only transaction. If you would like to receive advice from us please call into one of our branches (find a branch) or contact us on 03450 50 50 75 .