The organisation has applauded the Government for looking to help people get onto the housing ladder.
Leeds Building Society has said it welcomes a move by the Government to get more first time buyers (FTBs) onto the property ladder.
Peter Hill, chief executive of the organisation, said that there are a number of difficulties which new investors face and they need help in overcoming these.
"We already support FTBs onto the housing ladder through a range of initiatives including shared ownership, shared equity and guarantor mortgages. New lending in the first half of the year increased by 61 per cent to £642m, which represents £275m above our market share," he stated.
Hill went on to say that over £151m of completions made it possible for thousands of first time buyers to purchase a property, representing an 85 per cent increase on the same period last year.
Earlier this week, the coalition Government announced a taxpayer-backed 95 per cent mortgage to make buying a property a reality for more people.
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