Leeds Building Society and Life Moments launch new First Time Buyer product

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Life Moments is thrilled to announce First Home Helper, a successful collaboration with Leeds Building Society and brand new First Time Buyer tool.

When we choose our partners, we seek out businesses who share our mission to make financial life moments more accessible to everyone and #playlifebetter. Leeds Building Society views “helping customers into their first home” as central to their purpose, and we are proud to support them in delivering on this.

Life Moments would like to thank Vanessa Roberts, Mat Sloan, Chris Abrathat, Matthew Shelton and the rest of the LBS team for their unwavering enthusiasm in getting this tool out there.

About our partnership with Leeds Building Society, our Business Development Director and Consumer Duty Lead John Wilkinson says:

“First Home Helper is designed to support those who are struggling to qualify for a standard mortgage by educating them on alternatives and triaging them to those which are potentially more suitable. It was a privilege to work with Leeds Building Society on this.”

Our CEO and co-founder Ben Leonard adds:

“We are really excited to explore with the digital team how to make First Home Helper a core part of the LBS digital offering.”

In an age where finances are challenging for many (future) first time buyers, First Home Helper recognises that the cost of living crisis, as well as rises in interest rates, have impacted their ability to qualify for a standard mortgage. Whilst there are other options out there, first time buyers often struggle to find their way to them.

First Home Helper aims to make the journey to home buying easier and helps customers:

  • Identify if they are in a good position to consider buying their first home
  • Estimate how much they can borrow
  • Create a savings plan to achieve their goal, which also tells them if they will qualify for a standard mortgage
  • Triage them through alternative home buying options such as Rent to Own and Shared Ownership schemes and Family Springboard and Joint Borrower Sole Proprietor mortgages
  • Understand each option in more detail through Instagram-style stories

Vanessa Roberts, Head of Strategy and Responsible Business at Leeds Building Society says about the tool:

“There has never been a more challenging time to get on the housing ladder, and for many, the home buying process can feel confusing and overwhelming.

Leeds Building Society’s new First Home Helper online tool will allow those aspiring to get onto the property ladder to explore the different routes to homeownership and offer tips that might help them get onto the property ladder sooner.

Helping aspirational homeowners to get a foothold on the ladder is at the heart of our purpose. Creating this new tool in partnership with Life Moments allows us to support first-time buyers as they navigate the options available to them, and give them the confidence to take the first steps towards buying their own home.”

Proud about delivery of this product, team Life Moments wishes a warm congratulations to Leeds Building Society.