Leeds Building Society have announced a broker update, available below. The Leeds Building Society products are available through our direct to lender mortgage club so contact us to see how we help brokers like you across the UK.
View the latest products here or visit the Leeds Building Society website.
Announcement:
We’re introducing a new green additional borrowing range for Leeds Building Society residential and buy to let clients to support their home energy efficiency improvements – at a lower rate. Now could be a good time to explore how this could help you start conversations with clients about additional borrowing.
Your clients can borrow more to fund approved improvements such as:
- Solar panels
- Heat pumps
- Windows and doors
- Insulation
- Underfloor heating
- Electric car charging installation
- Low energy lighting
- Smart water tanks
Green additional borrowing – what you need to know
- For Residential and Buy to Let clients (Not available for Ltd Company Buy to Let products).
- Available at a lower rate than our standard additional borrowing range, through a system you already know – Mortgage Hub powered by MSO.
- 0.35% proc fee amount, with minimum of £50.
- To apply, you’ll need to upload a quote for the work to Mortgage Hub when submitting the application.
- The loan must be primarily (more than 50%) used to carry out home improvement works to improve the energy efficiency of the property.
- Lending criteria and affordability applies.
Our affordability calculators are designed to help you assess client eligibility quickly and with confidence.
Residential affordability calculator
Buy to Let affordability calculator (Excel 1MB)
For landlords, this may be a way to meet proposed Energy Performance Certificate (EPC) requirements, ensuring properties are compliant and sustainable by 2030.
We all have a part to play in helping tackle climate change – and this product is a step towards a greener housing market.