The Leeds Building Society is to offer extra support for affordable housing and help more people have the home they want by extending its shared ownership scheme.
The Society has supported shared ownership for over 30 years and will now lend on more properties on a site.
Jaedon Green, the Society’s director of product and distribution, said: “Building on the Society’s extensive expertise and understanding will enable us to flex our site exposure approach, providing much needed support to aspiring home owners, while maintaining appropriate controls.”
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.