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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.

First Time Buyer Mortgages

Our First Time Buyer Mortgages are specifically designed to help you get your clients onto the property ladder.

Your clients may benefit from enhanced affordability where the minimum income requirement of £30,000 is met. Below this, our standard affordability will apply.

With our Income Plus range, your clients may be able to borrow more. These products are fixed for at least 5 years.

Income Plus is only available at the point of the first application, for example, a first time buyer submitting a purchase application. Income Plus isn't available for existing customer transactions like additional borrowing where standard criteria is applied.

For full details of our First Time Buyer criteria, view our criteria guide or speak to your Business Development Manager.

AVAILABLE TO INTERMEDIARIES ONLY

Don’t have a First Time Buyer client?

If your client is applying for one of our First Time Buyer Mortgages, at least one of the applicants can’t have had a mortgage within the last three years. Otherwise, the application won’t be eligible.

View our Fixed Rate Mortgages for remortgaging and home movers

You might be offered a Reach Mortgage

Our Reach Mortgages are a new range of residential mortgages. They're here to help put home ownership in reach of people who may otherwise face barriers to buying a home.

Learn about Reach Mortgages

First Time Buyer Only 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2027Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 31/12/2030, (currently)Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
3.94% 6.74%7.74%7.0%65%£1499
Max loan amount £2,000,000
4.07% 6.74%7.74%7.0%65%£999
Max loan amount £2,000,000
4.24% 6.74%7.74%7.0%65%£0
Max loan amount £2,000,000
3.99% 6.74%7.74%7.0%75%£1499
Max loan amount £2,000,000
4.09% 6.74%7.74%7.0%75%£999
Max loan amount £2,000,000
4.28% 6.74%7.74%7.0%75%£0
Max loan amount £2,000,000
4.09% 6.74%7.74%7.0%80%£1499
Max loan amount £1,000,000
4.20% 6.74%7.74%7.1%80%£999
Max loan amount £1,000,000
4.34% 6.74%7.74%7.0%80%£0
Max loan amount £1,000,000
4.32% 6.74%7.74%7.1%85%£1499
Max loan amount £1,000,000
4.39% 6.74%7.74%7.1%85%£999
Max loan amount £1,000,000
4.45% 6.74%7.74%7.0%85%£0
Max loan amount £1,000,000
4.39% 6.74%7.74%7.1%90%£1499
Max loan amount £700,000
4.49% 6.74%7.74%7.1%90%£999
Max loan amount £700,000
4.59% 6.74%7.74%7.1%90%£0
Max loan amount £700,000
4.99% 6.74%7.74%7.2%95%£0
Max loan amount £600,000

Cashback First Time Buyer Only 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2027Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 31/12/2030, (currently)Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
5.15% 6.74%7.74%7.2%95%£0
Max loan amount £600,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 30 september 2025

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 2 years at 5.15% and then a 1.00% discount on our current Standard Variable Rate of 7.74% giving a rate of 6.74% for 3 years and then on our current Standard Variable Rate of 7.74% for the remaining 20 years would require 24 monthly payments of £889.14, 36 monthly payments of £1025.26 and 240 monthly payments of £1106.96.

The total amount payable would be £323,954.12 made up of the loan amount plus interest of £173,919.12 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.2% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • These products are not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

First Time Buyer Only 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2028Then changing to the Society's SVR less a discount of 1.00%, up to and inc. 31/12/2030, (currently)Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.45% 6.74%7.74%6.8%75%£0
Max loan amount £2,000,000
4.63% 6.74%7.74%6.9%80%£999
Max loan amount £1,000,000
4.67% 6.74%7.74%6.9%80%£0
Max loan amount £1,000,000
4.65% 6.74%7.74%7.0%85%£999
Max loan amount £1,000,000
4.70% 6.74%7.74%7.0%90%£999
Max loan amount £700,000
4.74% 6.74%7.74%6.9%90%£0
Max loan amount £700,000
4.99% 6.74%7.74%7.0%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 30 september 2025

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 3 years at 4.99% and then a 1.00% discount on our current Standard Variable Rate of 7.74% giving a rate of 6.74% for 2 years and then on our current Standard Variable Rate of 7.74% for the remaining 20 years would require 36 monthly payments of £1050.15, 24 monthly payments of £1222.83 and 240 monthly payments of £1320.28.

The total amount payable would be £384,055.52 made up of the loan amount plus interest of £204,020.52 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.0% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • This product is not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

First Time Buyer Only 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2030Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.39% 7.74%6.5%65%£0
Max loan amount £2,000,000
4.35% 7.74%6.5%75%£999
Max loan amount £2,000,000
4.50% 7.74%6.5%75%£0
Max loan amount £2,000,000
4.47% 7.74%6.6%80%£1499
Max loan amount £1,000,000
4.55% 7.74%6.6%80%£999
Max loan amount £1,000,000
4.60% 7.74%6.5%80%£0
Max loan amount £1,000,000
4.57% 7.74%6.6%85%£999
Max loan amount £1,000,000
4.62% 7.74%6.6%85%£0
Max loan amount £1,000,000
4.72% 7.74%6.7%90%£999
Max loan amount £700,000
4.77% 7.74%6.6%90%£0
Max loan amount £700,000
5.04% 7.74%6.7%95%£0
Max loan amount £600,000

Cashback First Time Buyer Only 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2030Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.69% 7.74%6.6%75%£0
Max loan amount £2,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion
4.80% 7.74%6.6%80%£0
Max loan amount £1,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion
4.85% 7.74%6.7%85%£0
Max loan amount £1,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion

Income Plus 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2030Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.67% 7.74%6.6%80%£1499
Max loan amount £1,000,000
4.75% 7.74%6.7%80%£999
Max loan amount £1,000,000
4.80% 7.74%6.6%80%£0
Max loan amount £1,000,000
4.77% 7.74%6.7%85%£999
Max loan amount £1,000,000
4.82% 7.74%6.6%85%£0
Max loan amount £1,000,000
4.82% 7.74%6.7%90%£999
Max loan amount £700,000
4.87% 7.74%6.7%90%£0
Max loan amount £700,000
4.94% 7.74%6.8%95%£999
Max loan amount £600,000
5.09% 7.74%6.8%95%£0
Max loan amount £600,000

Cashback Income Plus 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/2030Then changing to the Society's current Standard Variable Rate (SVR) for the remaining term of the mortgageOverall cost for comparison (APRC)Maximum loan to value (LTV)Product Fee
4.89% 7.74%6.7%75%£0
Max loan amount £2,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion
5.00% 7.74%6.7%80%£0
Max loan amount £1,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion
5.05% 7.74%6.7%85%£0
Max loan amount £1,000,000 / Min loan amount £80,000 / £1,000 Cashback upon completion
RATES CORRECT AS AT 30 september 2025

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.09% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 20 years would require 60 monthly payments of £1060.65 and 240 monthly payments of £1308.35.

The total amount payable would be £377,678.00 made up of the loan amount plus interest of £197,643.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.8% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • Interest calculated daily
  • Free standard valuation up to £999.
  • These products are not available to interest only applications.
  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges may apply.
  • Only available to First Time Buyers.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.
  • A mortgage exit fee of £199 will apply.

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