Leeds announces HTB London mortgages

Leeds announces HTB London mortgages

Leeds Building Society will launch its range of new HTB London mortgages when the Government scheme goes live next month.

The Society is among the first lenders to join the initiative to help more people in the capital to buy their first home, where they can put down a 5% deposit and obtain an interest-free loan from the Government of up to 40% of the property’s value.

Martin Richardson, Leeds Building Society’s Director of Business Development, said: “We are committed to supporting this important Government initiative, which makes Help to Buy a practical solution in London, where the average house price is almost 18 times the average salary.”


Affordable housing in London has typically relied on shared ownership and Help to Buy London complements our extensive range of shared ownership mortgages, providing additional choice for consumers.

We’re pleased to be among the first lenders to join this latest scheme, which builds on the success of our support for Help to Buy equity in England, Scotland and Wales.

As part of our efforts to support borrowers who are not well-served by the wider market, we welcome initiatives which harness innovation to help more people to have the homes they want, including First Time Buyers.

In addition to shared ownership and higher LTV (loan to value) traditional mortgages, we offer our award-winning Welcome Mortgage, with a competitive fixed rate and the choice of three or six months at the start of the home loan where the borrower pays 0% interest."

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Tony Gimple
Tony Gimple 16 Jan 2017

HMOs do make great commercial sense, but do the area research first!

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OJoyce
OJoyce 30 Dec 2016

We can only hope this will bring the results we all want and strive for.

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milessgabriel 05 Dec 2016

Useful article

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Spencer Fortag 30 Nov 2016

I am glad that someone listened to me!

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Tony Gimple
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It's not just the lack of estate agency advice that's costing landlords money; most are getting seriously bad advice from their accountants resulting in tax bills far higher than they need to be. Likewise,...

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Sally Walmsley 18 Nov 2016

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Sheryl87 18 Nov 2016

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Sheryl87 18 Nov 2016

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AmberMorris 09 Nov 2016

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