Back to August 2017

Leeds launches new Help to Buy fixed rate deals with cashback

Leeds Building Society has refreshed its Help to Buy equity (HTB1) range and added new cashback deals at different LTV levels.

Highlights from the new two, three and five year fixed rate deals include:

  • 74% two year fixed rate HTB1 mortgage available up to 75% LTV (loan to value)
  • 29% three year fixed rate HTB1 mortgage available up to 80% LTV
  • 29% five year fixed rate HTB1 mortgage available up to 75% LTV

The Society’s HTB1 mortgages are only available through intermediaries and all include a free standard valuation.

“We’ve responded to broker feedback in how we’re simplified our Help to Buy proposition,” said Jaedon Green, Leeds Building Society’s Director of Product and Distribution.

“We were the first lender to accept HTB remortgage applications - our three year deals are particularly popular with existing HTB homeowners looking for a new deal which runs for the remainder of the interest free period of their Government equity loan.

“The Society offers a choice of incentive deals to suit borrowers’ individual needs and we’ve added £500 cashback to the latest deals to give brokers and their customers more flexibility.

“We’re mindful of the current pressures facing the remortgage conveyancing market so the cashback gives borrowers the option to choose their own conveyancer and potentially speed up the process.”

Ends

Notes to Editors

Introduced Only two year fixed rate Help to Buy Equity cashback mortgage at 1.74% up to and including 31st October  2019:

  • 74% fixed up to and including 31st October 2019
  • Available up to 75% LTV
  • £500 cashback
  • Free standard valuation on properties worth up to £1m
  • £999 completion fee
  • Introduced only

Introduced Only three year fixed rate Help to Buy Equity cashback mortgage at 2.29% up to and including 31st October  2020:

  • 29% fixed up to and including 31st October 2020
  • Available up to 80% LTV
  • £500 cashback
  • Free standard valuation on properties worth up to £1m
  • No completion fee
  • Introduced only

Introduced Only five year fixed rate Help to Buy Equity cashback mortgage at 2.29% up to and including 31st October  2022:

  • 29% fixed up to and including 31st October 2022
  • Available up to 75% LTV
  • £500 cashback
  • Free standard valuation on properties worth up to £1m
  • £999 completion fee
  • Introduced only

Leeds Building Society was named Best Building Society Savings Provider in the Moneyfacts Awards for 2017, having also won this title in 2016. 

The Society won the title of Best Shared Ownership Mortgage Lender in the 2017 What Mortgage Awards, its second consecutive year of success in this category.

Leeds Building Society operates throughout the UK, Gibraltar and Ireland and has assets of £17.3bn at 30th June 2017 (£14.9bn at 30th June 2016). The Society’s head office has been based in the centre of Leeds since 1886.