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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

Warning: THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

Right to Buy Purchase Only 5 Year Fixed Rate Mortgage

Initial rate fixed up to and inc. 28/02/2029Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.10% 8.24%7.1%75%£0 View
Max loan amount £2,000,000
RATES CORRECT AS AT 30 november 2023

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

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.10% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £589.83 and 240 monthly payments of £754.55.

The total amount payable would be £216,516.80 made up of the loan amount plus interest of £116,481.80 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison 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.

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.

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