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.

Criteria Change: Under the English and Welsh schemes, estimation of future payments on the equity loan has been reduced from 4% to 3% of the equity loan per annum.

Unlock more opportunity

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 Equity Loan 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 Help to Buy Equity Loan scheme is open to first-time buyers purchasing a new-build property, or those remortgaging, with a maximum purchase price of up to £600,000 (dependent on region), 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

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.

AVAILABLE TO INTERMEDIARIES ONLY

2 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/23Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/12/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.34% 4.04%5.29%4.4%75%£999 View
Max loan amount £500,000

2 Year Cashback Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/23Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/12/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.81% 4.04%5.29%4.5%75%£0 View
Max loan amount £500,000 / Min loan amount £50,000 / £500 Cashback upon completion
RATES CORRECT AS AT 24 september 2021

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

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.81% and then a 1.25% discount on our current Standard Variable Rate of 5.29% giving a rate of 4.04% for 3 years and then on our current Standard Variable Rate of 5.29% for the remaining 20 years would require 24 monthly payments of £745.97, 36 monthly payments of £936.96 and 240 monthly payments of £1041.57.

The total amount payable would be £301,645.48 made up of the loan amount plus interest of £121,610.48 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 4.5% 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.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • 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.

For more detail about specific products, visit the links in the table above.

5 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/12/26Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.54% 5.29%3.9%75%£999 View
Max loan amount £500,000
1.73% 5.29%4.0%75%£0 View
Max loan amount £500,000
2.89% 5.29%4.5%85%£999 View
Max loan amount £500,000
RATES CORRECT AS AT 24 september 2021

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

Representative Example

A mortgage of £130,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.89% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £608.58 and 240 monthly payments of £749.05.

The total amount payable would be £217,321.24 made up of the loan amount plus interest of £86,287.24 and application fee £0, product fee £999, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.5% 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.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • 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.

For more detail about specific products, visit the links in the table above.

 

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 »