The deal comes with no higher lending charge, a free standard valuation up to £335, a £199 booking fee and a £300 completion fee up to £500,000, 1.00% over £500,000 and tiered early repayment charges of 3% or 2% of the amount redeemed.
Emma Holingworth, director of SimplyBiz Mortgages, said: “I’m delighted to be working in partnership with Leeds to offer our members and their clients this fantastic exclusive rate. This exclusive deal further strengthens the SimplyBiz Mortgages proposition and I hope to develop more exclusive deals for our members.
“SimplyBiz Mortgage members now have more options available to them when considering the best options for clients.”
Philip Coombes, head of intermediary sales at Leeds, said: “I am delighted that Leeds is able to work closely with SimplyBiz to produce an exclusive mortgage product that will enable clients of SimplyBiz to purchase their home through the shared ownership scheme which the society fully supports.”
Martin Fairchild, of JDC Independent Financial Advisers, said: “As specialists in low cost housing this exclusive is great news for us, and our clients. As this is now the lowest fixed rate deal at 95% lending on shared ownership, nationally, it really helps first time buyers, many of whom may struggle to fund a deposit.”
