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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.

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 online** or over the phone, and can even use our mortgage calculator and get an Approval 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 Shared Ownership Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/01/22Then the Society's SVR less 1.25% discount up to and inc. 31/01/25, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
2.29% 4.44%5.69%5.2%75%85%£1499 View
Max loan amount £500,000
2.49% 4.44%5.69%5.2%75%90%£1499 View
Max loan amount £500,000
2.55% 4.44%5.69%5.0%75%85%£999 View
Max loan amount £500,000
2.70% 4.44%5.69%5.2%75%90%£999 View
Max loan amount £500,000
2.85% 4.44%5.69%5.0%75%85%£0 View
Max loan amount £500,000
2.94% 4.44%5.69%5.2%75%95%£1499 View
Max loan amount £500,000
3.10% 4.44%5.69%5.0%75%90%£0 View
Max loan amount £500,000
3.29% 4.44%5.69%5.2%75%95%£999 View
Max loan amount £500,000
3.69% 4.44%5.69%5.2%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 20 december 2019

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

Representative Example

A mortgage of £90,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.49% and then a 1.25% discount on our current Standard Variable Rate of 5.69% for 3 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 24 monthly payments of £403.01, 36 monthly payments of £489.69 and 240 monthly payments of £543.50.

The total amount payable would be £159,274.86 made up of the loan amount plus interest of £67,740.86 and application fee £0, product fee £1499, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.2% 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 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 apply up to and including 31 January 2022.
  • 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 Shared Ownership Fixed Rate Mortgages

Initial fixed rate up to and inc. 30/04/23Then the Society's SVR less 1.25% discount up to and inc. 30/04/25, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
2.99% 4.44%5.69%5.0%75%85%£999 View
Max loan amount £500,000
3.09% 4.44%5.69%5.0%75%90%£999 View
Max loan amount £500,000
3.39% 4.44%5.69%5.0%75%85%£0 View
Max loan amount £500,000
3.49% 4.44%5.69%5.0%75%90%£0 View
Max loan amount £500,000
3.60% 4.44%5.69%5.1%75%95%£999 View
Max loan amount £500,000
3.99% 4.44%5.69%5.2%75%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 20 december 2019

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

Representative Example

A mortgage of £75,000.00 payable over 25 years initially on a fixed rate for 3 years at 3.99% and then a 1.25% discount on our current Standard Variable Rate of 5.69% for 2 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 36 monthly payments of £395.09, 24 monthly payments of £412.02 and 240 monthly payments of £457.30.

The total amount payable would be £133,898.90 made up of the loan amount plus interest of £58,863.90 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.2% 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 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 apply up to and including 30 April 2023.
  • 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 Shared Ownership Fixed Rate Mortgages

Initial fixed rate up to and inc. 30/04/25Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVBorrower share availableProduct Fee
3.75% 5.69%5.0%75%90%£0 View
Max loan amount £500,000
3.85% 5.69%5.2%75%95%£999 View
Max loan amount £500,000
4.09% 5.69%5.1%75%95%£0 View
Max loan amount £500,000
3.64% 5.69%5.1%75%90%£999 View
Max loan amount £500,000
3.54% 5.69%5.1%75%85%£999 View
Max loan amount £500,000
3.64% 5.69%5.0%75%85%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 20 december 2019

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

Representative Example

A mortgage of £70,000.00 payable over 25 years initially on a fixed rate for 5 years at 3.85% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 20 years would require 60 monthly payments of £363.38 and 240 monthly payments of £424.39.

The total amount payable would be £124,689.30 made up of the loan amount plus interest of £53,655.30 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 5.2% 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 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 apply up to and including 30 April 2025.
  • 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.

2 Year Shared Equity Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/01/22Then the Society's SVR less 1.25% up to and inc. 31/01/25, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.99% 4.44%5.69%5.0%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 20 december 2019

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

Representative Example

A mortgage of £120,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.99% and then a 1.25% discount on our current Standard Variable Rate of 5.69% for 3 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 24 monthly payments of £567.97, 36 monthly payments of £655.48 and 240 monthly payments of £727.51.

The total amount payable would be £211,866.39 made up of the loan amount plus interest of £91,831.39 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 5.0% 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.

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 apply up to and including 31 January 2022.
  • 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 not available in Scotland.
  • This product is only available for purchase applications.

2 Year Scottish Shared Equity Fixed Rate Mortgages

Initial fixed rate up to and inc. 31/01/22Then the Society's SVR less 1.25% discount up to and inc. 31/01/25, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.99% 4.44%5.69%4.8%95%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 20 december 2019

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

Representative Example

A mortgage of £86,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.99% and then a 1.25% discount on our current Standard Variable Rate of 5.69% for 3 years and then on our current Standard Variable Rate of 5.69% for the remaining 20 years would require 24 monthly payments of £407.04, 36 monthly payments of £469.76 and 240 monthly payments of £521.38.

The total amount payable would be £151,847.50 made up of the loan amount plus interest of £65,812.50 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.8% 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.

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 apply up to and including 31 January 2022.
  • 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 only available in Scotland.
  • This product is only available for purchase applications.

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  • Extra help and guidance

    If you want help and support with your application call a Mortgage Assistant

    03450 50 50 62(press option 2)

  • Talk to an expert now

    When you're ready to apply for a mortgage, call to request to speak to a Mortgage Consultant

    03458 48 00 26 (press option 1)

** If 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. If you would like to receive further guidance please contact us.
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