Back to June 2016

More choice in Help to Buy mortgages from Leeds Building Society

Leeds Building Society has refreshed its competitive range of Help to Buy equity (HTB1) mortgages and extended the choice of fees assisted deals.

The Society has added new two year fixed rate mortgages for HTB1 borrowers in England and Wales:

  • At 1.69% with a £999 fee
  • At 2.10% with a £199 fee

The products are available up to 75% LTV, only through intermediaries, and each includes a free standard valuation.

“These deals are suitable for home purchase or remortgage and available only through intermediaries,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“We’ve refined our range of Help to Buy mortgages since we joined the scheme in 2013 and provide a choice of fee and incentive combinations to suit borrowers’ individual circumstances.

“We were keen to join the scheme as part of our efforts to support borrowers who are not well-served by the wider market and we were the first lender to accept HTB remortgage applications.

“The feedback we’ve received from brokers about our Help to Buy range and the needs of this type of borrower has been useful in further developing our HTB proposition so we can help even more people to have the home they want.”

The Society also offers competitive purchase and remortgage products under the Help to Buy scheme for London and Scotland.

Ends

Notes to Editors

Leeds Building Society received the ‘Innovation Award (Lenders)’ at the Mortgage Finance Gazette Awards 2016, the third consecutive year the Society has won this category, as well as the award for ‘Product Innovation (Lenders)’.

The Society also has been named ‘Best Regular Savings Account Provider’ for the second consecutive year by independent consumer advice website Savings Champion.

Leeds Building Society has 67 branches throughout the UK, Gibraltar and Ireland and assets of £13.5bn (at 31st December 2015). The Society has operated from the centre of Leeds since 1886.