Leeds Building Society launches a new mortgage product aimed at helping first-time buyers purchase a home with a 2% deposit. The mortgage is made available through intermediaries and also directly to customers via the society. All applications are subject to the lender’s standard affordability assessments, meaning eligibility depends on the borrower meeting lending and income requirements rather than the deposit size alone. The reports note that the product is positioned as a “boost” for people entering the housing market for the first time, reducing the amount of upfront savings needed compared with typical deposit requirements. The mortgage is offered by Leeds Building Society, and it is accessible through mortgage brokers as well as through the society’s own application process. No additional terms, such as interest rate, maximum loan size, or availability dates, are specified in the provided excerpts. The launch therefore centers on the low-deposit feature while maintaining the requirement that applications pass affordability checks.