You are here: Home - Government Help - News -

Leeds to offer London Help to Buy deals from 1.79%  

0
Written by:
26/01/2016
Leeds Building Society has confirmed that it will launch two Help to Buy London mortgages on Monday 1 February

 

 

The mutual will offer a two-year fixed rate priced at 1.79% with a £799 fee and a five-year fixed rate charged at 2.45% with a £199 fee. Both come with a freee valuation.

Help to Buy London will offer new homebuyers looking to purchase a home in the capital an interest-free government loan worth up to 40% of a property’s value, compared to the maximum of 20% available elsewhere in the country. The borrower needs to put down a deposit of just 5%.

“This latest development of the scheme in London makes Help to Buy a practical solution in the capital, where the average house price is almost 18 times the average salary,” said Martin Richardson, Leeds Building Society’s director of business development.

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

“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.”

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Save money now!

See how much you could potentially save by remortgaging to a different product

Your Mortgage Guides

Guide to Offset Mortgages

Download our handy guide to offset mortgages, brought to you in partnership with Scottish Widows Bank

Read More >

How much can you borrow?

A calculator designed to help you understand how much you can borrow towards your property
Read previous post:
housing market
Millions to move 20+ miles to get on property ladder

More than 12 million first-time buyers will need to move an average of 23.3 miles in order to get on...

Close