Leeds BS offers more choice for Help to Buy remortgagers

Posted on Friday, May 15 by Joy Tibbs

Leeds Building Society has launched two new remortgage products for homeowners who bought their properties with assistance from the government’s Help to Buy (HTB) equity scheme.

These include a two-year fixed-rate HTB product at 2.44% and a five-year fixed-rate HTB product at 3.14%. Both are available up to 75% loan-to-value (LTV) and come with fees-assisted legal services for standard remortgages.

All Leeds Building Society’s HTB mortgages and remortgages come with a £199 fee and free valuation.

“The first homeowners who bought under the HTB Equity scheme are now coming to the end of their mortgage deals and have their first opportunity to switch to a better deal,” said Martin Richardson, Leeds Building Society’s general manager, business development.

“Mortgage rates are at historic lows at present and the average two-year fixed-rate mortgage available now is lower than when the government launched the scheme in March 2013, so borrowers can save themselves some money by switching to a more competitive deal.

“Minimising the upfront costs of our HTB remortgages assists the type of customer the scheme was introduced for and, unlike some lenders, Leeds Building Society does not differentiate between first-time buyers and home movers, and our main HTB range is available to both.”

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