The new deal is the latest from the Society under the government’s Help to Buy Equity Loan scheme and customers can borrow 95% of the value of their share in the property.
The Help to Buy 2-year fix, which is available from Thursday 17 April, comes with a range of benefits including a free standard valuation up to £335. It is available in England, Scotland and Wales.
“This is a market-leading rate for a Help to Buy mortgage and we expect it to be very popular,” said Martin Richardson, Leeds Building Society’s general manager – Business Development.
“In addition, the benefits of a low £199 fee and a free valuation reduce upfront costs for the type of borrowers that Help to Buy was introduced to support.
“Unlike some lenders, Leeds Building Society does not differentiate between first time buyers and home movers and this attractive deal is available to both.”