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.
Shared Ownership/Shared Equity Mortgages
We know Shared Ownership works for customers, that's why in 2023 we were the number one lender for Shared Ownership illustrations on Twenty7Tec.
You can find information on our key criteria, our products and how to submit a case below.
Shared Ownership key criteria:
Up to 95% LTV on the borrower’s share for new builds and resales
We accept the greater of 10 units or 25% of the total Shared Ownership properties on a post code
Clients must be able to staircase up to 100% ownership
For full details of our Shared Ownership criteria, view our criteria guide.
Why use us?
Dedicated product range
Products available for remortgages and product transfers
Experienced underwriters are on hand to help with more complex cases
Online DIP and affordability assessment
Awarded 'What Mortgage’ Best Shared Ownership Lender eight years running
Max loan amount £600,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 07 march 2025
Representative Example
A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.77% and then a 0.75% discount on our current Standard Variable Rate of 7.99% giving a rate of 7.24% for 3 years and then on our current Standard Variable Rate of 7.99% for the remaining 20 years would require 24 monthly payments of £503.73, 36 monthly payments of £572.75 and 240 monthly payments of £606.14.
The total amount payable would be £178,217.12 made up of the loan amount plus interest of £98,182.12 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparisons is 7.6% 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.
Key details about this product range
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.
For more detail about specific products, visit the links in the table above.
2 Year Shared Equity Fixed Rate Mortgages
Initial rate fixed up to and inc. 30/06/2028
Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/06/2030, (currently)
Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage
A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.54% and then a 0.75% discount on our current Standard Variable Rate of 7.99% giving a rate of 7.24% for 3 years and then on our current Standard Variable Rate of 7.99% for the remaining 20 years would require 24 monthly payments of £615.84, 36 monthly payments of £714.99 and 240 monthly payments of £756.67.
The total amount payable would be £222,155.60 made up of the loan amount plus interest of £122,120.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparisons is 7.5% 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.
Key details about this product range
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.
For more detail about specific products, visit the links in the table above.
3 Year Shared Ownership Fixed Rate Mortgages
Initial rate fixed up to and inc. 30/06/2030
Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/06/2030, (currently)
Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage
A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.34% and then a 0.75% discount on our current Standard Variable Rate of 7.99% giving a rate of 7.24% for 2 years and then on our current Standard Variable Rate of 7.99% for the remaining 20 years would require 36 monthly payments of £603.95, 24 monthly payments of £710.37 and 240 monthly payments of £751.79.
The total amount payable would be £219,255.68 made up of the loan amount plus interest of £119,220.68 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparisons is 7.3% 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.
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.
Key details about this product range
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.
For more detail about specific products, visit the links in the table above.
5 Year Shared Ownership Fixed Rate Mortgages
Initial rate fixed up to and inc. 30/06/2030
Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage
Max loan amount £600,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 07 march 2025
Representative Example
A mortgage of £80,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.27% and then on our current Standard Variable Rate of 7.99% (variable) for the remaining 20 years would require 60 monthly payments of £479.85 and 240 monthly payments of £594.15.
The total amount payable would be £171,422.00 made up of the loan amount plus interest of £91,387.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 7.0% 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.
Key details about this product range
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.
For more detail about specific products, visit the links in the table above.
5 Year Shared Equity Fixed Rate Mortgages
Initial rate fixed up to and inc. 30/06/2030
Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgage
A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.05% and then on our current Standard Variable Rate of 7.99% (variable) for the remaining 20 years would require 60 monthly payments of £586.91 and 240 monthly payments of £740.11.
The total amount payable would be £212,876.00 made up of the loan amount plus interest of £112,841.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.
The overall cost for comparison is 6.9% 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.
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.
Key details about this product range
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender.
A product fee is payable on application (where applicable) but is refundable should the mortgage not complete.
A mortgage exit fee of £199 will apply.
Tapered Early Repayment Charges may apply.
Interest calculated daily.
These products are not available to interest only applications.
The products and services on this site are available to UK residents only.
Mortgage applicants must be 18 years or over.
Mortgages are subject to eligibility, status and financial standing.
For more detail about specific products, visit the links in the table above.
We have developed a set of short, easy-to-use guides to our criteria.
