Leeds Update

Our latest mortgage product update

We’re making some changes to our new lending range. These changes affect new mortgage applications only.

Key Product Updates – New Lending

• Selected Residential and Interest Only fixed rates withdrawn.
• Selected Residential and Interest Only fixed rates increased.
• New Residential fixed rates introduced.
• Right to Buy fixed rates increased.
• Selected Shared Ownership fixed rates withdrawn

See our latest updates

Any applications on withdrawn products must be submitted by midnight on Friday 20 March 2026 – see our latest updates for details. You’ll be able to apply for any new products from the stated launch date.

Welcome to March’s Month in a Minute

Welcome to your March edition of Month in a Minute – your quick briefing on what’s been going on in the mortgage market.

This month we are highlighting how lenders are reacting to the inflationary impact caused by the developing war, our recent launch of Tracker Mortgages and our appearance at the first-ever Building Societies Show.

Mortgage Strategy are reporting that lenders are pulling hundreds of products caused by the inflationary impact of the war.

Average mortgage rates are rising and swap rates are soaring, according to MoneyFacts rate watch. Speculated Bank of England base rate decreases are likely to be cancelled.

Adam Binns, Head of Product and Pricing gives his view:

‘We know how important certainty and speed are for you and your customers. With pricing moving quickly and demand expected to spike, there may be times when we temporarily withdraw a small number of products — simply to protect service levels and deliver the experience you expect from us.

We remain committed to offering a good spread of options across all segments, and we’re working closely with our broker partners to keep customers supported while we bring products back in a controlled way.’

The Financial Conduct Authority (FCA) are conducting a Mortgage Rule Review

This will improve outcomes for first time buyers, underserved and vulnerable customers, enhance later life lending while enabling innovation.

We launched our Tracker Mortgages

In February we launched our Tracker Mortgages, linked to the Bank of England (BoE) base rate. As the products track base rate for a fixed amount of time, the interest rate has the potential to go up or down.

Unlike some other big lenders our products are available for purchase, first time buyers and remortgage applicants.

Martese Carton and Louise Drummond have been listed on Mortgage Introducer’s Elite Women of 2026 list

Mortgage Introducer has selected 55 women across the UK for their fourth annual Elite Women list, after they were nominated by industry professionals for their impact on the mortgage sector. These women are leaders, breaking through barriers and inspiring those around them and we’d like to extend our congratulations to everyone that has made the Elite Women list.

Expanding our legal panel

We’re continuing to strengthen our Limited Company Buy to Let proposition, with our latest update seeing an expansion to our legal panel.

TWM Solicitors LLP and Lightfoots Solicitors join our approved panel to offer more choice for your limited company cases.

More information can be found on our website.

We’ll be at the 2026 inaugural Building Societies Show

We’re delighted to announce that we’ll be exhibiting at the Building Societies Show 2026 – a brand-new UK event dedicated entirely to building societies and mortgage brokers.

For the first time ever, 33 building societies are coming together under one roof with a shared purpose: to support brokers and strengthen the intermediary advice community, and we’d love for you to join us there.

The event takes place on 21 April 2026 at the Coventry Building Society Arena (9am–2pm) and registration is completely free for brokers.

You can register your place here.