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Please note:

Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

Reach Mortgages

Our Reach Mortgages are a range of residential mortgages. They're here to help put home ownership in reach of people who may otherwise face barriers to buying a home.

Reach Mortgages are for:

  • Residential clients who are new to Leeds Building Society
  • Clients wanting to buy a new home or remortgage their current property
  • Clients who want to apply for more than 75% LTV, and
  • Clients whose credit score means they aren’t eligible for a standard product.

How do Reach Mortgages work?

It’s the same submission process for brokers as a standard residential mortgage.

  1. Simply submit your Decision in Principle (DIP) in the usual way.
  2. The DIP outcome will confirm if your client is eligible for a product from our standard mortgage range, or our Reach Mortgage range.
  3. If they’re eligible for the Reach Mortgage range, it’s important you reassess the suitability of these products and any advice you have given your client. The products are on sourcing systems and identifiable as “Reach”.
  4. Progress the application – if you decide to proceed with a Reach Mortgage, there’s no need to start again, just pick up the DIP outcome where you left off. Your client will still need to meet our affordability and standard lending criteria.

Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.97% 7.49%8.24%7.7%80%£999
Max loan amount £1,000,000
5.28% 7.49%8.24%7.7%80%£0
Max loan amount £1,000,000
5.64% 7.49%8.24%7.8%85%£0
Max loan amount £1,000,000
6.26% 7.49%8.24%7.9%90%£0
Max loan amount £700,000

Purchase Only Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.83% 7.49%8.24%7.7%80%£999
Max loan amount £1,000,000
5.10% 7.49%8.24%7.7%80%£0
Max loan amount £1,000,000
5.17% 7.49%8.24%7.7%85%£999
Max loan amount £1,000,000
5.33% 7.49%8.24%7.7%85%£0
Max loan amount £1,000,000
5.62% 7.49%8.24%7.8%90%£0
Max loan amount £700,000

Cashback Purchase Only Reach 2 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2027Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
6.03% 7.49%8.24%7.9%95%£0
Max loan amount £600,000 / £500 Cashback upon completion
RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £150,000.00 payable over 25 years initially on a fixed rate for 2 years at 6.03% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 3 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 24 monthly payments of £968.20, 36 monthly payments of £1098.28 and 240 monthly payments of £1161.66.

The total amount payable would be £341,608.28 made up of the loan amount plus interest of £191,573.28 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.9% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

Reach 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/2028Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.34% 7.49%8.24%7.5%85%£0
Max loan amount £1,000,000

Purchase Only Reach 3 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 29/02/2028Then changing to the Society's SVR less a discount of 0.75%, up to and inc. 28/02/2030, (currently)Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
5.09% 7.49%8.24%7.4%85%£0
Max loan amount £1,000,000
5.73% 7.49%8.24%7.6%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 3 years at 5.73% and then a 0.75% discount on our current Standard Variable Rate of 8.24% giving a rate of 7.49% for 2 years and then on our current Standard Variable Rate of 8.24% for the remaining 20 years would require 36 monthly payments of £1129.05, 24 monthly payments of £1309.51 and 240 monthly payments of £1385.08.

The total amount payable would be £404,528.24 made up of the loan amount plus interest of £224,493.24 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparisons is 7.6% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

Reach 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2030Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.65% 8.24%6.9%80%£999
Max loan amount £1,000,000
5.02% 8.24%7.0%85%£0
Max loan amount £1,000,000
5.42% 8.24%7.2%90%£0
Max loan amount £700,000

Purchase Only Reach 5 Year Fixed Rate Mortgages

Initial rate fixed up to and inc. 28/02/2030Then the Society's SVR thereafter, (currently)Overall cost for comparison (APRC)Max LTVProduct Fee
4.55% 8.24%6.9%80%£999
Max loan amount £1,000,000
4.81% 8.24%6.9%85%£0
Max loan amount £1,000,000
5.11% 8.24%7.1%90%£0
Max loan amount £700,000
5.39% 8.24%7.2%95%£0
Max loan amount £600,000
RATES CORRECT AS AT 20 november 2024

Representative Example

A mortgage of £180,000.00 payable over 25 years initially on a fixed rate for 5 years at 5.39% and then on our current Standard Variable Rate of 8.24% (variable) for the remaining 20 years would require 60 monthly payments of £1092.44 and 240 monthly payments of £1364.34.

The total amount payable would be £393,023.00 made up of the loan amount plus interest of £212,988.00 and application fee £0, product fee £0, valuation fee £0, funds transfer fee £35.

The overall cost for comparison is 7.2% 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.

This example has been calculated on a Capital & Interest repayment method. The monthly payments, total amount payable and interest charged all reflect this calculation method.

Key details about this product range

  • 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 (where applicable) but is refundable should the mortgage not complete.
  • A mortgage exit fee of £199 will apply.
  • Tapered Early Repayment Charges may apply.
  • Interest calculated daily.
  • These products are not available to interest only applications.
  • The products and services on this site are available to UK residents only.
  • Mortgage applicants must be 18 years or over.
  • Mortgages are subject to eligibility, status and financial standing.

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