Right To Buy Mortgages

Right to Buy is a government backed mortgage scheme designed to help you buy the home you currently rent at a discounted price. We are supporting Right to Buy with a range of mortgages.

If you’re interested in the mortgage scheme you will need to contact your landlord to find out if you qualify. We will require Right to Buy documentation confirming eligibility and the discounted purchase price.

Why choose Leeds?

  • Right to Buy lending is available for up to 100% of the borrowers discounted purchase price
  • We will lend up to 75% of the property value for the purpose of home improvements, subject to the borrower obtaining a letter/deed of postponement from the landlord confirming ranking agreement

Warning: THE MORTGAGED PROPERTY (WHICH MAY BE YOUR HOME) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Cashback 2 Year Right to Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/01/20Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.45% 5.69%5.2%75%£0
Max loan amount £500,000 / £500 Cashback upon completion
2.70% 5.69%5.2%75%£0
Max loan amount £500,000 / £1,000 Cashback upon completion
RATES CORRECT AS AT 10 NOV 2017

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £105,000.00 payable over 25 years initially on a fixed rate for 2 years at 2.45% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 23 years would require 24 monthly payments of £468.07 and 276 monthly payments of £641.66.

The total amount payable would be £188,367.59 made up of the loan amount plus interest of £83,332.59 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 5.2% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 January 2020.
  • Interest calculated daily.
  • Maximum loan size £500,000.
  • These products are not available to interest only applications.

Cashback 5 Year Right to Buy Fixed Rate Mortgages

Initial rate fixed up to and inc. 31/01/23Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
2.65% 5.69%4.5%75%£0
Max loan amount £500,000 / £500 Cashback upon completion
2.90% 5.69%4.6%75%£0
Max loan amount £500,000 / £1,000 Cashback upon completion
RATES CORRECT AS AT 10 NOV 2017

Warning: Your home may be repossessed if you do not keep up repayments on your mortgage.

Representative Example

A mortgage of £100,000.00 payable over 25 years initially on a fixed rate for 5 years at 2.90% and then on our current Standard Variable Rate of 5.69% (variable) for the remaining 20 years would require 60 monthly payments of £468.65 and 240 monthly payments of £595.54.

The total amount payable would be £171,083.27 made up of the loan amount plus interest of £71,048.27 and application fee £0, product fee £0, valuation fee £0.

The overall cost for comparison is 4.6% APRC representative.

This representative example assumes a mortgage completion date on the 1st day of a calendar month.

The above representative example is for illustration purposes only and may vary depending on your personal circumstances.

Unless otherwise indicated, these products are only available for house purchases or for customers remortgaging from another lender. A product fee is payable on application but is refundable should the mortgage not complete. A mortgage exit fee of £199 will apply.

  • 10% capital repayments are allowed each year without incurring an Early Repayment Charge.
  • Tapered Early Repayment Charges apply up to and including 31 January 2023.
  • Interest calculated daily.
  • Maximum loan size £500,000.
  • These products are not available to interest only applications.