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:
Making rate switches easier for your limited company clients
‘Should I stay with my existing lender?’ It’s a common dilemma for anyone with a mortgage whose existing term is coming to an end. And for landlords with limited company buy to let (LCBTL) mortgages, the question is the same.
According to recent research from estate agency Hamptons, a record 61,517 new limited company structures were set up for buy-to-lets in 2024. This is up 23% on the previous year. So making it easier for intermediaries who have LCBTL clients to switch a rate or re-mortgage with us is important.
That’s why we’re pleased to be expanding our lending to offer rate switching options for your Leeds Building Society buy-to-let landlord clients operating through a limited company structure.
What do the changes mean?
Using our Mortgage Extra platform, brokers can now help their Leeds Building Society clients switch to a new limited company buy to let mortgage deal with us once their existing term comes to an end.
No affordability or credit checks and no valuation or legal fees apply.
It also means brokers’ other LCBTL clients can also remortgage to us – this could be a way for them to raise capital or just find a new product. We offer competitively priced products, a range of support contact options and quick app-to-offer times.
We’re committed to giving you as many ways as possible to say yes to your client’s needs, and providing you with the most straightforward ways to help you help them.