Leeds BSAug 30 2017

Leeds boosts help-to-buy range

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Leeds boosts help-to-buy range
BySimon Allin

Leeds has boosted its range of help-to-buy fixed rates and added cashback options at a range of loan-to-values (LTVs).

Highlights include a 1.74 per cent two-year fix available up to 75 per cent LTV, a 2.29 per cent three-year fix up to 80 per cent LTV and a 2.29 per cent five-year fix up to 75 per cent LTV.

All of the mortgages come with £500 cashback and free standard valuation on properties worth up to £1m.

The two-year and five-year deals come with a £999 completion fee, while the three-year fix is fee-free.

Leeds’ entire help-to-buy range is available for remortgage applications.

Jaedon Green, Leeds Building Society’s director of product and distribution, said: “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.”

Daniel Bailey, principal at Derbyshire-based Middleton Finance, commented: “The rates are relatively competitive. The big positives are cashback and free valuation - for any first-time buyer it is the associated costs that are the problem.

“For remortgage, that is even better. That side of the market does not have as many lenders for help-to-buy, so it is positive news.”