Please note:

Right to Buy Mortgages

Right to Buy is a government backed mortgage scheme designed to help your client buy the home they currently rent at a discounted price. We are supporting Right to Buy with a range of mortgages.

If your client is interested in the mortgage scheme they will need to contact their landlord to find out if they qualify. We will require a Right to Buy document confirming eligibility and discounted purchase price.

Why choose Leeds Building Society?

  • Right to Buy lending is available for up to 100% of the borrowers discounted purchase price
  • We will lend up to 75% of the property value for the purpose of home improvements, subject to the borrower obtaining a letter/deed of postponement from the landlord confirming ranking agreement

2 Year Right to Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/10/23Then changing to the Society's SVR less a discount of 1.25%, up to and inc. 31/10/2026, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.89% 4.04%5.29%4.5%65%£0 View
Max loan amount £500,000
1.99% 4.04%5.29%4.5%75%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 23 june 2021

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

Representative Example

A mortgage of £70,000.00 payable over 25 years initially on a fixed rate for 2 years at 1.99% 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 £296.17, 36 monthly payments of £364.93 and 240 monthly payments of £405.67.

The total amount payable would be £117,642.52 made up of the loan amount plus interest of £47,607.52 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.
  • 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 Right to Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/10/26Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
1.94% 5.29%4.0%65%£0 View
Max loan amount £500,000
2.19% 5.29%4.1%75%£0 View
Max loan amount £500,000
RATES CORRECT AS AT 23 june 2021

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

Representative Example

A mortgage of £70,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.19% and then on our current Standard Variable Rate of 5.29% (variable) for the remaining 20 years would require 60 monthly payments of £303.01 and 240 monthly payments of £397.65.

The total amount payable would be £113,651.37 made up of the loan amount plus interest of £43,616.37 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.1% 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.
  • 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.