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:
Increased LTVs for new build houses and flats
We’re taking another step to unlock doors for aspiring homeowners by increasing LTVs on a number of residential mortgages for new build and standard properties.
This change aims to support our commitment to accept applications on a wide and varied range of new build cases, including those less well served by the wider market. When paired with the A/B EPC affordability boost that we offer, our lending criteria on new builds has never been stronger.
What’s changing?
New build
- Max LTV for standard residential new houses increased from 90% to 95%
- Max LTV for standard residential new build flats increased from 80% to 85%
Standard
- Max LTV for standard residential non-new build flats increased from 80% to 95%.
Find out more about our new build service
Mortgage Product Updates
We’re making some changes to our new lending mortgage range. These changes affect new mortgage applications only.
Key Product Updates
Selected Residential Purchase rates reduced by up to 0.16%
Selected Limited Company BTL products reduced by up to 0.20%
Products will be withdrawn from the system at midnight Thursday 5th September – see our latest updates for details. You’ll be able to apply for any new products from the stated launch date