First-time buyer boost as 2% deposit mortgage launched by building society

Leeds Building Society has launched a new mortgage product featuring a 2% deposit to assist first-time buyers. The mortgage is available to applicants either directly through the building society or via brokers. Access to this specific financial offering is subject to mandatory affordability assessments. This initiative is designed to provide a boost to first-time buyers by reducing the initial deposit requirement, making home ownership more accessible for those meeting the necessary financial criteria.