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Borrowers Share?

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kimbyanne Posts: 303 Forumite

3 October 2017 at 2:13PM in House buying, renting & selling

Hi,

Our shared ownership fixed rate mortgage is coming to an end in a couple of months. All we want to do is fix again - simple I thought. Leeds Building Society has sent me an emailing detailing what products they can offer us.

There is a selection of two, three and five year fixed mortgages BUT some of them are called "Existing Customer Shared Ownership Fee Free 3.70% Fixed Rate to 31/10/2019 85% Borrowers Share" for example. There are others at different rates and lengths which vary from 85% to 150% - what are these percentages?

Can someone explain what these % borrowers shares mean? We just want to fix again, not increase our share or anything!

Thanks

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