The Leeds Building Society has revamped its Help to Buy equity (HTB1) range and added new cashback deals at different loan to value (LTV) levels.
New deals include the following:
- 1.74% two year fixed rate HTB1 mortgage available up to 75% LTV
- 2.29% three year fixed rate HTB1 mortgage available up to 80% LTV
- 2.29% five year fixed rate HTB1 mortgage available up to 75% LTV
The Society’s HTB1 mortgages are only available through intermediaries and all include a free standard valuation.
“We’ve responded to broker feedback in how we’re simplified our Help to Buy proposition,” said Jaedon Green, Leeds Building Society’s director of product and distribution.
“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.”