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Leeds launches 2% deposit mortgage

Industry News
Thursday 16th July, 2026 Leeds Building Society has launched a first‑time buyer mortgage allowing 2% deposits (min £5,000), loans up to 5x income and a five‑year fixed rate of 5.65% in the UK. This gives Rightmove a natural role to explain what low‑deposit products mean for search behaviour, affordability and first‑time buyer trends on Rightmove in the UK.
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Why have we flagged this?

A new low-deposit mortgage aimed at first-time buyers will drive searches and demand in the homebuying market—Rightmove can provide market listings, search data and commentary on affordability and regional impacts.

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