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:
Income Plus: it’s for home movers and remortgagers too
It’s not just first time buyers (FTBs) who face property challenges. That’s why we’ve opened up our Income Plus product to home movers and remortgagers.
The issues facing FTBs are well-known. But those issues don’t disappear after the first step on the housing ladder has been reached. Leeds Building Society research* shows that of the first time homeowners we asked, that are looking to take that next step that, feel restricted by a number of factors:
- 77% would move home sooner if they could borrow more
- Nearly 40% feel like they can’t access enough guidance or financial support when trying to move to a larger home
- 28% feel they are less supported by mortgage lenders when seeking to upsize
This is despite 62% saying they expect to have outgrown their existing home within three years. 78% expect to outgrow their home within four years.
That’s why we’ve expanded our Income Plus beyond just FTBs.
Income Plus key criteria
- Up to 6 x LTI available for FTB, home movers and remortgages with a minimum household income of £75k
- Up to 5.5 x LTI available for home movers and remortgagers with a minimum household income of £50k and FTBs with a minimum household income of £30k
- Up to 95% LTV for FTBs
- Up to 90% LTV for home movers and remortgagers (LTV limits apply to remortgage dependent on capital raising purpose)
- Available for new build (subject to limits) and self-employed applicants
- Products are available on five-year fixed rate deals
Discover our Income Plus products
Our latest mortgage product update
We’re making some changes to our new lending and existing customer mortgage range. These changes affect new mortgage applications and new rate switch applications only.
Key Product Updates – New Lending
- New 65% and 75% LTV Tracker products introduced
Key Product Updates – Rate Switch
- Selected Residential fixed rates reduced
If you are planning to change product on a submitted rate switch, ensure you provide 3 days’ notice before the cut off.
Any applications on withdrawn products must be submitted by midnight on Wednesday, 6 May 2026 – see our latest updates for details. You’ll be able to apply for any new products from the stated launch date.