Back to July 2018

Leeds Building Society completes Best Shared Ownership lender hat-trick

Leeds Building Society’s success within the shared ownership market has been recognised by What Mortgage for the third consecutive year.

The Society has supported Shared Ownership for more than 30 years and was named as the Best Shared Ownership Mortgage Lender at the prestigious industry awards.

The awards recognise and reward exceptional levels of customer service.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “We have been operating successfully in the shared ownership market for more than 30 years. This award is yet further recognition of our dedication to helping people have the home they want.

“There are a number of misconceptions about shared ownership and we continue to work hard to raise awareness of the help and support available to those not served by the conventional mortgage market.

“We’re pleased to be recognised once again for the experience and high levels of customer service we provide to shared ownership customers.”

Leeds Building Society extended of its shared ownership scheme in 2018, lending on more properties on a site as part of its continued backing of this key pillar of national affordable housing policy.

The Society, which continues to lend up to 95% of the borrowers’ share, will now accept up to 10 Shared Ownership properties on a site, or up to a maximum of 25% of Shared Ownership units, whichever is the greater.

In June, Leeds Building Society introduced a Welcome Shared Ownership product, based on its award-winning mortgage which offers an interest rate of 0% for the first three months, providing a much-needed break for people in the early months of property ownership.

Joanne Atkin, Group Editor at What Mortgage, said: “The What Mortgage Awards are voted for by the general public so this award is a reflection of the good service Leeds Building Society provides to its customers. Shared ownership is growing in importance as a way to help people onto the property ladder and Leeds Building Society has been fully supportive of this market for more than 30 years.”

Amy Nettleton, Assistant Development Director at Aster Group, said: “Shared Ownership provides much needed affordable housing across the UK. Housing Associations work hard to ensure availability, but we rely on the continued support of lenders to make home ownership a reality. It’s great to see the commitment of lenders such as Leeds Building Society recognised in this way.”

Ends

Notes to Editors

Leeds Building Society was named Best Shared Ownership lender in the What Mortgage Awards for 2018, having also won this title in 2016 and 2017.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £18.5bn at 31st December 2017 (£15.9bn at 31st December 2016). The Society’s head office has been based in the centre of Leeds since 1886.