Leeds unveils Help to Buy rates with cashback

Ryan Bembridge

August 29, 2017

Leeds Building Society has refreshed its Help to Buy equity loan range for products with £500 cashback – as rates include a 2-year fix at 1.74% to 75% loan-to-value with a £999 completion fee.

Other rates are a 3-year fix at 2.29% to 80% LTV with no fee and 2.29% to 75% LTV with a £999 fee through introducers only.

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 3-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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