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Help to Buy

If you have an existing Help to Buy mortgage with us you may be able to borrow more money against your property. The additional money must be used for paying off the Government’s equity loan (in part or in full) or essential property repairs.

Important things you need to know:

  • There are no product or arrangement fees.
  • You can borrow up to 85% of your home's value including your existing mortgage.
  • Your additional borrowing will be secured against your home.
  • Copies of estimates, consent from your Help to Buy agent and a revaluation will be required.

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.

During your appointment you will be asked a number of questions to help us understand your circumstances and assess affordability and based on the information you provide, our qualified advisor will confirm the options available to you.

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

2 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/06/2026Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/06/2029, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
6.54% 7.49%8.24%8.0%85%£0
Max loan amount £1,000,000

3 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/06/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 30/06/2029, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
6.76% 7.49%8.24%7.9%85%£0
Max loan amount £1,000,000

5 Year Help To Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 30/06/2029Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
6.98% 8.24%7.9%85%£0
Max loan amount £1,000,000
RATES CORRECT AS AT 10 april 2024

Representative Example

A mortgage of £15,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.54% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 3 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 24 monthly payments of £101.55, 36 monthly payments of £110.13 and 240 monthly payments of £116.48.

The total amount payable would be £34,357.08 made up of the loan amount plus interest of £19,357.08 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 8.0% 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.

Additional Features

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • For fixed rates up to and including 30 June 2026 tapered Early Repayment Charges apply up to and including 30 June 2026.
  • Free standard valuation up to £999.
  • Maximum loan size £1,000,000.

Help to Buy Variable Rate

The Society's SVR applies for the term of the mortgage (currently)†Overall cost for comparison (APRC)†Max LTVProduct Fee
8.24%8.6%85%£0
Max loan amount £600,000
RATES CORRECT AS AT 10 april 2024

Representative Example

A mortgage of £62,000 payable over 25 years on our Standard Variable Rate for the mortgage term of 25 years at our current rate of 8.24% (variable) would require 300 monthly payments of £487.94.

The total amount payable would be £146,381.20 made up of the loan amount plus interest of £84,381.20 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 8.0% 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.

Additional Features

  • Unlimited capital repayments are allowed.
  • Interest calculated daily.
  • Free standard valuation up to £999.
  • No Early Repayment Charges apply.
  • No Higher Lending Charge.
  • Maximum loan amount £1,000,000

    • † The actual rate available will depend on your circumstances. Ask for a personalised illustration.

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