Brilliant Solutions

Leeds Update

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

Our latest mortgage product launches and withdrawals update

We’ve withdrawn a number of rates from our residential mortgage range with effect from 5pm today, Tuesday 22nd December.

These changes affect new mortgage applications only, we apologise for the short notice. 

​​​​​​Please remember, our old system has now been switched off so all new business cases need to be submitted through Mortgage Hub. If you haven’t already completed your set-up for Mortgage Hub, you can do so here

Applications on withdrawn products must be submitted by 5pm today, Tuesday 22nd December – see our latest updates for details.

Our latest mortgage product withdrawals update

We’ve made some changes to our Residential mortgage range which will be effective from 4pm today, Thursday 31st December. 

These changes affect new mortgage applications only, we apologise for the short notice. 

  • Withdrawal of selected Residential products without replacement.

Applications on withdrawn products must be submitted by 4pm today, Thursday 31st December

Our latest mortgage product withdrawals update

We’ve made some changes to our Residential, Buy to Let and Portfolio Buy to Let mortgage ranges which will be effective from 5pm today, Wednesday 6th January. 

These changes affect new mortgage applications only, we apologise for the short notice. 

  • Withdrawal without replacement of selected Residential, Buy to Let and Portfolio Buy to Let products.
We’re returning to the 90% LTV market

Some great news for the new year! As of today we’ll be returning to the 90% LTV market for our Residential product range. We’re also increasing the maximum LTV for our New Build Houses and New Build Flats, too. These changes affect new customers only. 

Matt Bartle, our Director of Products, commented ”We’re delighted to be returning to the 90% LTV market for our Residential mortgage range to continue to support intermediaries, their clients and the housing market in 2021.”

Key Information
  • Fees can be added to the loan above 90% subject to meeting affordability.
  • Re-mortgages for property related purposes are available.
  • Available to discount market schemes.
  • Not available to clients who are furloughed.
  • 80% maximum LTV for both New and Existing Flats.

View Criteria

New Business 

  • Increasing our maximum LTV for Residential products to 90%.
  • Increasing the maximum LTV for New Build Houses to 85%.
  • Increasing the maximum LTV for New Build Flats to 80%.

 

Share this:

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top