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.
New Build mortgages
Our New Build definition is a property built in the last 2 years and awaiting first occupation.
A wider range of New Build suitable products.
We have always offered a competitive range of products that are suitable for New Build cases. That range includes shared equity, shared ownership and Help to Buy equity loan mortgages. We also accept remortgage applications from Help to Buy Equity borrowers.
Now, we have created a dedicated range of New Build products for you and your customers. These do not replace the current products we offer, we just wanted to extend our range as we know no two customers are the same.
With our New Build specific products we are able to offer an extended length on the mortgage, which means your customer is less likley to miss out on the full length of the great deal due to potential delays in the building schedule.
View more information about our great New Build service and how we can help your customers here.
2 Year Fixed Rate New Build Mortgages
RATES CORRECT AS AT 02 SEP 2016
|Initial rate fixed up to and inc. 30/03/19||Then the Society's SVR thereafter, (currently)||Overall cost for comparison (APRC)||Max LTV||Product Fee||
|Max loan amount £400,000
A mortgage of £188,000.00 payable over 25 years initially on a fixed rate for 2 years at 3.09% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 23 years would require 24 monthly payments of £899.60 and 276 monthly payments of £1,154.64.
The total amount payable would be £340,505.81 made up of the loan amount plus interest of £152,271.81 and application fee £0, product fee £199, valuation fee £0.
The overall cost for comparison is 5.3% 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.
Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.
- No Higher Lending Charge.
- 10% capital repayments are allowed each year during the fixed rate period without incurring an Early Repayment Charge.
- Taprered Early Repayment charges apply upto and including 30 Mar 2019
- For fixed rate mortgages between 85% LTV and 90% LTV a maximum loan size of £400,000 applies.
- Interest calculated daily.
- Free standard valuation up to £999.
- These products are not available to interest only applications.
- These products are available for purchases only
- Maximum LTV on new properties is 90% on houses and 85% on apartments.
- Only available for New Build properties.
We have developed a set of short, easy-to-use guides to our criteria.
View our criteria guides »
Please contact your nearest Development Manager. Find your nearest Development Manager »