The lender has also announced the launch of a five year fixed rate product at 2.45%. The new mortgage carries a £999 fee or 2.55% with a £199 fee.
The products are all available up to 75% LTV, only through intermediaries, and each includes a free standard valuation.
Matt Bartle, Leeds Building Society’s Head of Products & Pricing, said: “We’ve refined our range of Help to Buy mortgages since we joined the scheme in 2013, and provide a choice of fee and incentive combinations to suit borrowers’ individual circumstances at very competitive rates. We were keen to join the scheme as part of our efforts to support borrowers who are not well-served by the wider market and we were the first lender to accept HTB remortgage applications.
The feedback we’ve received from brokers about our Help to Buy range and the needs of this type of borrower has been useful in further developing our HTB proposition so we can help even more people to have the home they want.”
