Phil Coombes, Leeds head of intermediary sales, said: “We are all well aware of the difficulties facing first-time buyers buying a home. They can often struggle to meet the full asking price or their current income is insufficient to support a full mortgage.
“This shared ownership product facilitates that first step, and provides a starting point to staircase up to full home ownership as earning potential increases.
“There is no doubt that this product will prove attractive to those clients who are ready to make the first step into home ownership.”
