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 new lending and existing customer mortgage range. These changes affect new mortgage applications and new rate switch applications only.
Key Product Updates – New Lending
New Residential, two and three year fixed rates at 75-90% LTV available.
Selected Residential fixed rates reduced by up to 0.10%.
Buy to Let and Portfolio Buy to Let fixed rates at 60% LTV reduced by up to 0.15%.
As a reminder, all Limited Company BTL like-for-like remortgages are now stress tested at Product Rate (Min. 5.00%).
Key Product Updates – Existing Customer
Selected Residential fixed rates reduced by up to 0.10%.
Buy to Let and Portfolio Buy to Let fixed rates at 60% LTV reduced by up to 0.15%.
Any applications on withdrawn products must be submitted by midnight on Tuesday 22nd August – see our latest updates for details.
Mortgage Product Update
We’re making some changes to our affordability model.
Key Product Update
- New improved affordability calculation for self-employed applicants – please contact your BDM for further details.