Please note:

Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Leeds HTB cashback deal aids first time buyers

Leeds Building Society is continuing to help first time buyers onto the property ladder through the Government’s Help to Buy equity scheme.

The Society refreshed its Help to Buy range earlier this month, adding in two new fixed rate deals offering £1,000 cashback on completion.

“Cashback is always popular with first time buyers as it can help with some of the unexpected costs which inevitably crop up when you step onto the property ladder,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“Our £1,000 deals are the highest cashback available on a Help to Buy mortgage and also come with a free standard valuation.

“There was a jump in the proportion of first time buyer activity after the Government introduced stamp duty relief for this group of homebuyers in last November’s Budget.

“Our mission as a building society is to help people save and have the home they want so we’ll continue to look for ways to innovate so we can help more first time buyers.”

The £1,000 cashback Help to buy mortgages are at 2.04% fixed for two years and 2.34% fixed for five years, available up to 75% LTV (loan to value).

Introduced Only two year fixed rate Help to Buy Equity cashback mortgage at 2.04% up to and including 30th April 2020:

  • 2.04% fixed up to and including 30th April 2020
  • Available up to 75% LTV
  • £1,000 cashback on completion
  • Free standard valuation up to £999
  • Initial fixed period followed by a 1% SVR discount until 30th April 2023
  • Tapered early repayment charges (3%/2%)
  • Available for purchase or remortgage – purchase price subject to scheme rules, £500,000 maximum loan for remortgages
  • Up to 10% capital overpayment allowed penalty-free each year
  • £999 product fee
  • Introduced only

Introduced Only five year fixed rate Help to Buy Equity cashback mortgage at 2.34% up to and including 30th April 2023:

  • 2.34% fixed up to and including 30th April 2023
  • Available up to 75% LTV
  • £1,000 cashback on completion
  • Free standard valuation up to £999
  • Tapered early repayment charges (5/5/4/3/2%)
  • Available for purchase or remortgage – purchase price subject to scheme rules, £500,000 maximum loan for remortgages
  • Up to 10% capital overpayment allowed penalty-free each year
  • £999 product fee
  • Introduced only

To discuss a new case with one of our mortgage development team, mortgage introducers should go to www.leedsintroducer.co.uk to find details of their nearest Business Developer contact.