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.

Help to Buy mortgages

With the Help to Buy Equity Loan Scheme, your client requires a deposit of at least 5%. The government then provides your client with an Equity Loan of up to 20% (or 40% under the London Help to Buy scheme) of the cost of the new build home, interest free for the first 5 years. After 5 years your client will have to pay the interest on the Equity Loan (except in Scotland).

The scheme is open both to first-time buyers and home movers purchasing a new-build property or remortgaging with a maximum purchase price of up to £600,000, from a registered developer.

The scheme is administered by Local HomeBuy Agents who assess and approve all applications.

Our Help to Buy remortgage products could help save your clients money

With over 20,000 completions during the first year of the scheme*, you may be starting to see these initial customers looking to remortgage. Our entire Help to Buy range is available for remortgage applications and we even offer ‘no fee’ options.

An alternative to a product transfer with their existing lender, our products could help save your clients money while giving you a strong line of new business.

*Department for Communities and Local Government. Statistics showing cumulative sales since the launch of Help to Buy (equity loan) scheme on 1 April 2013

AVAILABLE TO INTERMEDIARIES ONLY

2 year Help To Buy Rates (England)

Initial rate fixed up to and inc. 31/12/18Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.60% 5.44%4.9%75%£999 View
Max purchase price £600,000 / Max loan for purchase £450,000 / Max loan amount for remortgages £500,000
1.85% 5.44%4.9%75%£199 View
Max purchase price £600,000 / Max loan for purchase £450,000 / Max loan amount for remortgages £500,000

5 year Help To Buy Rates (England)

Initial rate fixed up to and inc. 31/01/22Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.45% 5.44%4.3%75%£999 View
Max purchase price £600,000 / Max loan for purchase £450,000 / Max loan amount for remortgages £500,000
2.55% 5.44%4.4%75%£199 View
Max purchase price £600,000 / Max loan for purchase £450,000 / Max loan amount for remortgages £500,000
RATES CORRECT AS AT 08 Nov 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £195,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.60% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £788.66 and 276 monthly payments of £1,156.54.

The total amount payable would be £339,167.17 made up of the loan amount plus interest of £143,133.17 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For initial fixed rates up to and including 31/12/18, tapered early repayment charges apply up to and including 31 Dec 2018.
  • For initial fixed rates up to and including 31/01/22, tapered early repayment charges apply up to and including 31 Jan 2022.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Available for customers to purchase 80% of property value.
  • A deposit of at least 5% of the property purchase price is required.
  • Maximum loan size for purchases £450,000
  • Maximum purchase price £600,000.
  • Maximum loan size for remortgages £500,000.
  • These products are not portable and are only available in England.

2 year Help To Buy Rates (Scotland)

Initial rate fixed up to and inc. 31/12/18Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.69% 5.44%4.9%80%£999 View
Max purchase price £230,000 / Max loan for purchase £184,000 / Max loan amount for remortgages £500,000

5 year Help To Buy Rates (Scotland)

Initial rate fixed up to and inc. 31/01/22Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.70% 5.44%4.4%80%£199 View
Max purchase price £230,000 / Max loan for purchase £184,000 / Max loan amount for remortgages £500,000
RATES CORRECT AS AT 08 Nov 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.69% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £613.05 and 276 monthly payments of £890.34.

The total amount payable would be £261,481.98 made up of the loan amount plus interest of £110,447.98 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For initial fixed rates up to and including 31/12/18, tapered early repayment charges apply up to and including 31 Dec 2018.
  • For initial fixed rates up to and including 31/01/22, tapered early repayment charges apply up to and including 31 Jan 2022.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Available for customers to purchase 80% of property value.
  • A deposit of at least 5% of the property purchase price is required.
  • Maximum loan size £184,000
  • Maximum purchase price £230,000.
  • Maximum loan size for remortgages £500,000.
  • These products are not portable and are only available in Scotland.

 2 year Help To Buy Rates (Wales)

Initial rate fixed up to and inc. 31/12/18Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.60% 5.44%4.9%75%£999 View
Max purchase price £300,000 / Max loan for purchase £225,000 / Max loan amount for remortgages £500,000
1.85% 5.44%4.9%75%£199 View
Max purchase price £300,000 / Max loan for purchase £225,000 / Max loan amount for remortgages £500,000

5 year Help To Buy Rates (Wales)

Initial rate fixed up to and inc. 31/01/22Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.45% 5.44%4.3%75%£999 View
Max purchase price £300,000 / Max loan for purchase £225,000 / Max loan amount for remortgages £500,000
2.55% 5.44%4.4%75%£199 View
Max purchase price £225,000 / Max loan for purchase £225,000 / Max loan amount for remortgages £500,000
RATES CORRECT AS AT 08 Nov 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £195,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.60% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £788.66 and 276 monthly payments of £1,156.54.

The total amount payable would be £339,167.17 made up of the loan amount plus interest of £143,133.17 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For initial fixed rates up to and including 31/12/18, tapered early repayment charges apply up to and including 31 Dec 2018.
  • For initial fixed rates up to and including 31/01/22, tapered early repayment charges apply up to and including 31 Jan 2022.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Available for customers to purchase 80% of property value.
  • A deposit of at least 5% of the property purchase price is required.
  • Maximum loan size for purchases £225,000
  • Maximum purchase price £300,000
  • Maximum loan size for remortgages £500,000.
  • These product are not portable and are only available in Wales.

2 year Help To Buy Rates (London)

Initial rate fixed up to and inc. 31/01/19Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
1.55% 5.44%4.9%55%£999 View
Max purchase price £600,000 / Max loan for purchase £330,000 / Max loan amount for remortgages £500,000

5 year Help To Buy Rates (London)

Initial rate fixed up to and inc. 31/01/22Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Arrangement Fee
2.45% 5.44%4.3%55%£199 View
Max purchase price £600,000 / Max loan for purchase £330,000 / Max loan amount for remortgages £500,000
RATES CORRECT AS AT 08 NOV 2016

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £230,000 payable over 25 years initially on a fixed rate for 2 years at 1.55% and then on our current Standard Variable Rate of 5.44% (variable) for the remaining 23 years would require 24 monthly payments of £924.79 and 276 monthly payments of £1,363.53.

The total amount payable would be £399,563.11 made up of the loan amount plus interest of £168,529.11 and booking fee £0, product arrangement fee £999, valuation fee £0.

The overall cost for comparison is 4.9% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

A product arrangement fee is payable on application but is refundable should the mortgage not complete. A redemption fee of £199 will apply.

Additional Features

  • No Higher Lending Charge.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For initial fixed rates up to and including 31/01/19, tapered early repayment charges apply up to and including 31 Jan 2019.
  • For initial fixed rates up to and including 31/01/22, tapered early repayment charges apply up to and including 31 Jan 2022.
  • Free standard valuation up to £999.
  • Interest calculated daily.
  • Available for customers to purchase 60% of property value.
  • A deposit of at least 5% of the property purchase price is required.
  • Maximum loan size £330,000.
  • Maximum purchase price £600,000.
  • These products are not portable and are only available in London.

We have developed a set of short, easy-to-use guides to our criteria.

View our criteria guides »

Any questions?

Please contact your nearest Development Manager. Find your nearest Development Manager »