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:
Mortgage Product Updates
We’re making some changes to our mortgage range. These changes affect new mortgage applications only.
Key product updates
Shared Ownership fixed rates increased by up to 0.25%..
Any applications on withdrawn products must be submitted by midnight Thursday 8 June – see our latest updates for details.
Mortgage Product Updates
We’re making some changes to our mortgage range. These changes affect new mortgage applications only.
Key product updates
Selected Buy to Let fixed rates withdrawn.
60% LTV Buy to Let Trackers withdrawn.
60% HMO and Holiday Let products withdrawn.
Residential 3-year fixed rate increased.
5-year Retirement Interest Only fixed rate withdrawn.
Any applications on withdrawn products must be submitted by 18.00 Monday 12 June – see our latest updates for details.
Our latest mortgage product update
We’re making some changes to our mortgage range. These changes affect new mortgage applications only.
Key product updates
Affordable Housing and Buy to Let segment end dates extended to October of relevant year.
5yr Residential and Interest Only end dates extended to September of relevant year.
Selected BTL, Portfolio BTL, Holiday Let and HMO products withdrawn and replaced with fee-free options.
New 60% LTV Buy to Let and Portfolio BTL Trackers.
Buy to Let stress rates increased – please see the additional tab for more details.
Any applications on withdrawn products must be submitted by midnight Wednesday 14 June – see our latest updates for details.
A new Limited Company Buy to Let option is landing…
Great news! Our brand-new Limited Company Buy to Let option is coming soon.
It will offer:
Flexibility and choice
Up to 4 directors and shareholders can be named on the application
Non-director shareholders accepted
Up to 80% LTV
Newly established SPVs accepted
Terms and Conditions will apply
Easy admin
A purpose-built application platform
End-to-end case tracking for easier case progression
5 star service
Dedicated BDM support and our award-winning* 5 Star service
Access to a specialist team of underwriters after an application has been submitted
A dedicated solicitor panel with full coverage across England, Wales and Scotland (product not available for properties or companies registered in NI)
An easier way to place business
To make sure you get a better Limited Company Buy to Let experience, we’re launching Mortgage Extra, our brand-new, purpose-built platform for placing business.
To help track applications, Mortgage Extra comes with a case dashboard to help make managing applications easy from start to finish.
When’s this happening?
Our Limited Company Buy to Let products – and Mortgage Extra – are launching soon. We’ll be sending you another email with registration details then, so keep an eye on your inbox.
As a successful high street lender, we know mortgages inside out. And with over 30 years’ experience in Buy to Let lending, your clients can trust us to deliver a first-class service.