New cashback Help to Buy deals at Leeds BS

Posted on Tuesday, September 5 by Joy Tibbs

Leeds Building Society has updated its Help to Buy equity (HTB1) range and added new cashback deals at different LTV levels.

Highlights from the new range include: a two-year fixed rate HTB1 mortgage available up to 75% loan-to-value (LTV) at 1.74%; a three-year fixed-rate HTB1 mortgage available up to 80% LTV at 2.29%; and a five-year fixed-rate HTB1 mortgage available up to 75% LTV at 2.29%.

The Society’s HTB1 mortgages are only available through intermediaries and all include a 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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