The Leeds Building Society has signalled its support for the Scottish Government’s new HTB (Help to Buy) Small Developers’ Scheme.
“We are delighted to support Scottish homebuyers and developers through the new Small Developers’ Scheme,” said Martin Richardson, Leeds Building Society’s general manager – business development.
“The Society is one of only a handful of lenders to offer Help to Buy mortgages in Scotland and we welcome today’s announcement which will support smaller housebuilders to better meet demand for new homes and enable more people to realise their property-owning aspirations.
“We joined HTB1 in England at the time of its launch in summer 2013, rapidly followed by HTB Scotland and HTB Wales. We have since seen strong demand for this type of home loan.”
All Leeds Building Society Help to Buy mortgages come with a free valuation on properties up to £500,000.
The Society offers Help to Buy mortgages on new build properties through the Government equity schemes operating in England, Wales and Scotland.
The Leeds has removed the £199 booking fee from across its entire mortgage range for a limited time.
In addition, from the start of this year the Society increased the benefit of the free valuation offered as part of its fees assisted deals from £335 to £560, which will cover properties worth up to £500,000 (previously £200,000).