"We’ve created these two deals with longer end dates, to help new build borrowers who are buying off-plan or in a longer chain of transactions which might cause delays."
New build borrowers can choose any mortgages from the Society’s range, including shared ownership and Help to Buy products.
However the two new rates have been launched specifically to cover circumstances this type of purchaser may encounter and give them up to three months longer at the fixed rate.
The two year fixed rates are available at 2.20% up to 85% LTV and 3.09% up to 90% LTV.
Each mortgage comes with a low £199 fee and a free standard valuation. Both deals have end dates of 31st December 2018.
Barratt spokesman Adrian MacDiarmid said many new build purchases can take several months to complete, especially when buyers reserve properties in advance.
Jaedon Green, Leeds Building Society’s Director of Product and Distribution, said: "New build borrowers can choose whichever of our competitive mortgages they want but we know this kind of purchase can come with some very specific challenges.
“After feedback from intermediaries, builders and customers, we’ve created these two deals with longer end dates, to help new build borrowers who are buying off-plan or in a longer chain of transactions which might cause delays.”
