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
Launch of Mortgage Hub exclusive products
We would like to remind you that all new business cases should now be submitted through our new Mortgage Hub system, so on Tuesday 10th November we are launching some new Mortgage Hub products. These products will only be available to new customers.
Mortgage Hub
Sign up to Mortgage Hub for these benefits:
- Real time case tracking
- Automated Decision in Principle
- Document upload facility
New Business
- New Residential, Buy to Let and Help to Buy fixed rates launched.
Important updates
Are physical valuations possible during lockdown?
Government guidelines currently state that surveyors are able to enter occupied properties during the lockdown period as long as it is managed in a safe way and both worker and household member are well and have no symptoms of coronavirus.
With varying restrictions in each country we wanted to give you some clarification on what that means.
England
Physical valuations will continue during the national lockdown, which is taking place between 5 November and 2 December 2020, where it is safe to do so.
Wales
Physical valuations are continuing to take place where it is safe to do so during the ‘fire break’, which is taking place between 23 October and 9 November 2020.
Scotland
Physical valuations are being undertaken where it is safe to do so.
Northern Ireland
Physical valuations are being undertaken where it is safe to do so.
Mortgage Payment Holidays
For the most recent information about Mortgage Payment Holidays, please visit the help page on our website. We will continue to update this page with any new information over the coming weeks.
Change of LTV on flats with immediate effect
- Maximum LTV on all flats (excluding new builds) is now 80%
- New build flats remain at 75% maximum LTV