Best Leeds Building Society mortgage deals
Whether you're an existing customer or a first-time buyer, compare the best mortgage interest rates from Leeds Building Society with our comparison tool below. To see what rate you could be offered, create a free Tembo recommendation.
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Get a Mortgage In Principle
When you create a Tembo recommendation, you'll get a free, downloadable Mortgage In Principle for each of the schemes you could qualify for.
Already have a Leeds Building Society mortgage?
Create your own free, personalised recommendation to see the best way for you to remortgage, including if you should stay with Leeds or change to another provider.
What type of mortgages does Leeds Building Society offer?
Leeds Building Society offers a wide range of mortgage products, including fixed-rate and tracker mortgages for first-time buyers, home movers, remortgagers and buy-to-let customers. They also offer some niche products including First Homes mortgages, Shared Equity mortgages, as well as 95% mortgages for buyers with smaller deposits, and shared ownership.
As with any provider, whether Leeds Building Society is the best mortgage lender for you depends on your affordability and unique circumstances, what mortgage products you're eligible for, and what the market is currently like. An expert mortgage broker like Tembo can help you navigate these factors to ensure you get the best mortgage deal for you.
How much could I borrow from Leeds Building Society?
Like most mortgage lenders, Leeds Building Society offers a range of mortgage products with different eligibility criteria. How much you could borrow for a mortgage depends on which products you're eligible for, your household income and deposit, and other factors like your credit score, employment type, and outgoings. But typically you can borrow between 4-4.5 times your income, although some applicants may be able to borrow more than this.
By creating a free Tembo recommendation, you can see what you could be offered for a mortgage by Leeds Building Society and other providers without applying.
Can I make overpayments on a Leeds Building Society mortgage?
You can only overpay by up to 10% of your outstanding loan balance each year. So for example, if you have an outstanding mortgage balance of £180,000, this would mean you can overpay by a maximum of £18,000 without being hit by an Early Repayment Charge (ERC). Anything above this 10% threshold, you will have to pay an ERC on.
Leeds Building Society is a solid choice for many customers - despite not offering guarantor schemes they do have some first-time buyer mortgages. They are also known for excellent customer service. But for some, they might not be the right fit. At Tembo, we can help you work out if Leeds is the best lender for you.
Andy Shead
Senior Mortgage Advisor at Tembo
Are Leeds Building Society a good lender?
Leeds Building Society is one of the go-to providers in the UK. With over 140 years of experience helping first-time buyers get on the property ladder, they certainly know mortgages inside out. Despite being on the small side - they are the UK's 14th largest mortgage lender - they are well-rated when it comes to customer service.
They have a 93% customer satisfaction rating and are rated 4.5 out of 5 on Trustpilot from over 2,000 reviews - much higher than other lenders. They have a couple of awards to their name, including winning best high street saving provider in 2021 (MoneyFacts), Gold Ribbon for Customer Experience (Fairer Finance), and best shared ownership provider (What Mortgage).
Although Leeds do offer specialist mortgages for first-time buyers, it's not an overwhelming range. Some customers with affordability hurdles or a complicated situation may find Leeds isn't the right provider for them - we can help you work this out.
Does Leeds Building Society offer guarantor mortgages?
Leeds Building Society does not currently offer guarantor mortgages, but they do accept gifted deposits. There are a range of lenders that do offer guarantor mortgages however, like Joint Borrower Sole Proprietor mortgages or family offset mortgages.
It can be difficult to know which lenders offer guarantor mortgages and which one is best for you and your family as this depends on your unique affordability and what schemes you're eligible for. Working with a mortgage broker like Tembo who specialises in family-supported mortgages can help you navigate lenders' different eligibility criteria and find the best deal for you from across the market.
Looking for a new mortgage?
First home
Unsure which mortgage deal to go for? Buying your first home can be confusing and overwhelming. Get help from the experts.
Remortgage
Coming to the end of your current deal? Remortgage onto a new one with our help. We'll show you whether you should stay with the same lender, or switch.
Moving home
Upsizing to your forever home? Or maybe you're downsizing to something more manageable. Whatever your reason for moving, we can help you find the best deal for you.
Buy to Let
Thinking of becoming a landlord? We can help you discover the best buy to let mortgage deal for you and how you could boost your mortgage affordability.
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The application process
4 simple steps to buying your first home or remortgaging
Make a Tembo plan
Check your eligibility for a range of mortgages and buying schemes, and get a personalised recommendation with interest rates and repayments in under 10-minutes.
Talk to an expert
Book a call with our experts to complete the qualification process, and we’ll cover off any questions you might have about any of the mortgage deals and budget-boosting schemes we advise on.
Apply for your new deal
Next, your dedicated advisor will undertake full affordability checks to prepare the mortgage application. Then we’ll submit it on your behalf!
Make home happen
Your Tembo advisor will be on hand to ensure everything runs smoothly, so you can move onto your new deal as quickly as possible.
