Leeds launches new Help to Buy rates with £500 cashback

Leeds Building Society has launched new Help to Buy equity rates with £500 cashback.

Related topics:  Mortgages
Rozi Jones
29th August 2017
leeds building society
"We’ve added £500 cashback to the latest deals to give brokers and their customers more flexibility."

New products include a two-year fixed rate at 1.74% up to 75% LTV, a three-year fix from 2.29% at 80% LTV and a 2.29% five-year fixed rate at 75% LTV.

The Society’s HTB1 mortgages are only available through intermediaries and all include free standard valuation.

Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: “We’ve responded to broker feedback in how we’re simplified our Help to Buy proposition.

“We were the first lender to accept HTB remortgage applications - our three year deals are particularly popular with existing HTB homeowners looking for a new deal which runs for the remainder of the interest free period of their Government equity loan.

“The Society offers a choice of incentive deals to suit borrowers’ individual needs and we’ve added £500 cashback to the latest deals to give brokers and their customers more flexibility.

“We’re mindful of the current pressures facing the remortgage conveyancing market so the cashback gives borrowers the option to choose their own conveyancer and potentially speed up the process.”

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