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Right To Buy Mortgages

Right to Buy is a government backed mortgage scheme designed to help you buy the home you currently rent at a discounted price. 

We are supporting Right to Buy with a range of mortgages.

If you’re interested in the mortgage scheme you will need to contact your landlord to find out if you qualify. We will require Right to Buy documentation confirming eligibility and the discounted purchase price.

You can apply online or over the phone to get an Decision in Principle.

If you’d like to receive advice or need support with your application, please contact us.

If you move home and wish to keep your mortgage with Leeds Building Society you may not be required to pay an Early Repayment Charge. Please ask for further details.

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

Your property could be repossessed if you don't keep up your mortgage repayments.

Right to Buy Purchase Only 2 Year Fixed Rate Mortgage

Initial rate fixed up to and inc. 30/09/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/09/2030, (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
4.57% 6.99%7.74%7.1%75%£0 View
Max loan amount £2,000,000
RATES CORRECT AS AT 20 june 2025

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 2 years at 4.57% and then a 0.75% discount on our current Standard Variable Rate of 7.74% giving a rate of 6.99% 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 £559.26, 36 monthly payments of £695.81 and 240 monthly payments of £736.78.

The total amount payable would be £215,333.60 made up of the loan amount plus interest of £115,298.60 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.1% 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.

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

  • 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.

Right to Buy Purchase Only 5 Year Fixed Rate Mortgage

Initial rate fixed up to and inc. 30/09/2030Then 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
4.32% 7.74%6.4%75%£0 View
Max loan amount £2,000,000
RATES CORRECT AS AT 20 june 2025

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 4.32% and then on our current Standard Variable Rate of 7.74% (variable) for the remaining 20 years would require 60 monthly payments of £545.14 and 240 monthly payments of £717.69.

The total amount payable would be £204,989.00 made up of the loan amount plus interest of £104,954.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 6.4% 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

  • 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.

Our mortgage calculators

Affordability calculator

Get an idea of how much you could borrow, based on your income and spending.

Repayment calculator

Work out how much you'd need to pay each month towards your mortgage.

Book an appointment

If you need help or support with an existing application, call us on 03450 50 50 62.

If you want to speak to someone in our mortgage team about a new application, book a telephone appointment online using the 'book an appointment' button.

Book an appointment online