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.
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Announcement:
Welcome to a new year and new possibilities
As we kick off 2026, we’re excited to embrace the opportunities and challenges ahead. The mortgage and renter market continues to shift, but one thing remains constant: our commitment to supporting you, our valued mortgage brokers, every step of the way.
At our Society, we’re gearing up for a busy 12 months. We’re optimistic about the future and the role we all have to play in making home ownership and renting a reality for more people. Together, we’ll navigate the changing landscape, ensuring we continue to offer solutions for your clients and maintain a strong partnership as we move forward.
In this month’s edition, we’ll dive into:
- Regulatory updates – key changes coming up
- Buy to let lending – what’s behind the forecast for higher lending in the space
- Changing homeowner patterns – a rise in longer mortgage terms
- People changes – new faces at the Society
Industry insights
The Financial Conduct Authority has announced reforms to make it easier for first time buyers to get onto the property ladder and allow homeowners to unlock housing wealth for later life planning.
what MORTGAGE have broken down these reforms – expected to take effect later this year – focusing on four key areas:
- First time buyers and underserved consumers
- Later life lending
- Innovation and disclosure
- Protecting vulnerable consumers
The Intermediary Mortgage Lenders Association projects gross buy to let lending to increase from £39 billion in 2025 to £44 billion in 2026, driven by higher rental yields and greater market activity following the Renters’ Rights Act.
The Act, due in May 2026, is expected to prompt some landlords to exit the market, creating opportunities for more professional investors.
Mortgage Strategy talk through the key takeaways.
This is Money have reported that the number of homeowners taking out 35+ year mortgages has almost tripled since 2020. Over 116,000 mortgage terms longer than 35+ years were taken out in 2024, triple the levels seen in 2020 (just over 36,000).
It may mean lower monthly payments for homeowners, but what are the long term cost implications?