More Help to Buy remortgage choice at Leeds BS

Posted on Tuesday, August 18 by Joy Tibbs

Homeowners who were among the first to purchase their properties under the government’s Help to Buy (HTB) equity scheme are eligible for two new remortgage deals at Leeds Building Society.

The society is offering two new three-year, fixed-rate deals: one at 2.54% up to 75% loan-to-value (LTV) with a £999 fee; and another at 2.79% up to 75% LTV with a £199 fee.

Each comes with a free valuation for properties worth up to £500,000, and fees-assisted legal services. These two new deals will be offered in addition to the society’s existing HTB mortgages, which are available for remortgage and home purchase.

“A lot of the first Help to Buy borrowers will have chosen a two-year fixed-rate mortgage back in summer 2013, so may be looking for a competitive deal to remortgage to,” said Martin Richardson, Leeds Building Society’s general manager, business development.

“The interest-free loan from the government will have another three years to run before borrowers have to start to pay interest on that portion, so a three-year remortgage deal makes sense.

“While mortgage rates are currently so low, and with the ongoing discussions about when the Bank of England will finally raise the base rate, we’re seeing strong demand for remortgages and we try to include different fee options for borrowers to find the deal which suits them best.”

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