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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.

Through a shared equity scheme, you won’t need to take out a mortgage for the full amount as the balance of the purchase price will be loaned by a third party in return for equity in the property (which must be repaid at a later date).

If you’d like to receive advice or need support with your application, please contact us.

If you move home and wish to keep your mortgage with Leeds Building Society you may not be required to pay an Early Repayment Charge. Please ask for further details.

Your property could be repossessed if you don't keep up your mortgage repayments.

2 Year Shared Ownership Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/11/2026Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/11/2029, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
4.53% 7.49%8.24%7.6%75%85%£999 View
Max loan amount £1,000,000
4.74% 7.49%8.24%7.6%75%85%£0 View
Max loan amount £1,000,000
5.11% 7.49%8.24%7.7%75%85%£0 View
Max loan amount £1,000,000 / Min loan amount £50,000 / £500 Cashback upon completion
5.09% 7.49%8.24%7.7%75%90%£999 View
Max loan amount £700,000
5.37% 7.49%8.24%7.7%75%90%£0 View
Max loan amount £700,000
5.59% 7.49%8.24%7.8%75%90%£0 View
Max loan amount £700,000 / Min loan amount £50,000 / £500 Cashback upon completion
5.49% 7.49%8.24%7.8%75%95%£999 View
Max loan amount £600,000
5.74% 7.49%8.24%7.8%75%95%£0 View
Max loan amount £600,000
5.99% 7.49%8.24%7.8%75%95%£0 View
Max loan amount £600,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 10 september 2024

Representative Example

A mortgage of £110,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.99% 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 £707.32, 36 monthly payments of £805.23 and 240 monthly payments of £851.70.

The total amount payable would be £250,406.96 made up of the loan amount plus interest of £140,371.96 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.8% 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.

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. 30/11/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/11/2029, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
5.34% 7.49%8.24%7.5%75%90%£0 View
Max loan amount £700,000
5.59% 7.49%8.24%7.6%75%95%£0 View
Max loan amount £600,000
RATES CORRECT AS AT 10 september 2024

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.59% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 2 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 36 monthly payments of £618.83, 24 monthly payments of £726.62 and 240 monthly payments of £768.55.

The total amount payable would be £224,203.76 made up of the loan amount plus interest of £124,168.76 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.

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. 30/11/2029Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
4.14% 8.24%6.7%75%85%£999 View
Max loan amount £1,000,000
4.43% 8.24%6.8%75%85%£0 View
Max loan amount £1,000,000
4.56% 8.24%6.8%75%85%£0 View
Max loan amount £1,000,000 / Min loan amount £50,000 / £500 Cashback upon completion
4.57% 8.24%6.9%75%90%£999 View
Max loan amount £700,000
4.72% 8.24%6.9%75%90%£0 View
Max loan amount £700,000
5.09% 8.24%7.1%75%90%£0 View
Max loan amount £700,000 / Min loan amount £50,000 / £500 Cashback upon completion
5.29% 8.24%7.3%75%95%£999 View
Max loan amount £600,000
5.39% 8.24%7.2%75%95%£0 View
Max loan amount £600,000
5.49% 8.24%7.2%75%95%£0 View
Max loan amount £600,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 10 september 2024

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.29% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £600.99 and 240 monthly payments of £756.80.

The total amount payable would be £218,725.40 made up of the loan amount plus interest of £117,691.40 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison 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.

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. 30/11/2029Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.69% 8.24%6.9%90%£0 View
Max loan amount £700,000
RATES CORRECT AS AT 10 september 2024

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.69% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £566.11 and 240 monthly payments of £749.56.

The total amount payable would be £213,896.00 made up of the loan amount plus interest of £113,861.00 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.

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.

Our mortgage calculators

Affordability calculator

Get an idea of how much you could borrow, based on your income and spending.

Repayment calculator

Work out how much you'd need to pay each month towards your mortgage.

Book an appointment

If you need help or support with an existing application, call us on 03450 50 50 62.

If you want to speak to someone in our mortgage team about a new application, book a telephone appointment online using the 'book an appointment' button.

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