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

5 Year Right to Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/10/27Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
3.55% 5.54%4.7%65%£0 View
Max loan amount £2,000,000
3.75% 5.54%4.8%75%£0 View
Max loan amount £2,000,000
RATES CORRECT AS AT 1 july 2022

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 3.75% and then on our current Standard Variable Rate of 5.54% (variable) for the remaining 20 years would require 60 monthly payments of £359.56 and 240 monthly payments of £418.46.

The total amount payable would be £122,039.99 made up of the loan amount plus interest of £52,004.99 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 4.8% 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.

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.