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.
Mortgage Product Updates
We’re making some changes to our mortgage range. These changes affect new mortgage applications only.
Key product updates
New 95% LTV 5 Year fixed rates starting at 4.95%
Buy to Let stress rates reduced – see Additional Tab in the attached Guide for more details.
End dates on Buy to Let and Affordable Housing segments (e.g. Shared Ownership) extended to May of relevant year.
Standard Variable Rate and Buy to Let Variable Rate for New Customers increase by 0.50% to 7.49% & 7.79% respectively.
Any applications on withdrawn products must be submitted by midnight Monday 27th February – see our latest updates for details.
We are on hand with any support you need on these product updates so please feel free to get in touch and we’ll be happy to help.
Product Transfer window is now 180 days
We know that securing a new deal for your clients sooner is important, so following broker and member feedback we’ve increased our Product Transfer window from 90 to 180 days before the end of a customer’s current product.
With continued uncertainty around the cost of living, our new six-month Product Transfer window could help support your clients in a potentially challenging time and give them greater peace of mind.
In most cases, you can request a transfer for your client quickly and easily online. There are no conveyancing, valuation or legal fees and we’ll pay you a 0.20% procurement fee.