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
Residential, Interest Only and Retirement Interest Only 3 and 5 Year end dates extended to August.
Selected fixed rates increased by up to 0.20%.
5 Year 75% LTV Portfolio BTL fixed rates withdrawn.
Key Product Updates – Existing Customer
Residential, Interest Only and Retirement Interest Only 5 Year end dates extended to August.
Selected fixed rates increased by up to 0.20%.
Products will be withdrawn from the system at midnight Monday 22 April – see our latest updates for details. You’ll be able to apply for any new products from the stated launch date.
Unlock doors for first time buyers
Our purpose is to bring home ownership within reach of more people, and we have a proven track record of doing just that. We want to work more closely with our broker partners, helping you unlock doors for first time buyers.
Learn about how we’re supporting you in the first time buyer market
Super smooth processes
Our processes are designed to be quick and painless, with application to offer times currently averaging under ten days. Plus, we’re proud to have been voted by brokers as Top Rated for Service in the Mortgage Finance Gazette Rated for Service Awards 2023!
Products to support first time buyers
We have a diverse range of products and propositions to help make your clients first home happy:
- High LTV fixed rate products – With us, buyers can secure a mortgage with a smaller deposit, making it easier to get their foot in the door.
- Shared ownership range – We’re leaders in shared ownership lending, and even offer a special savings account just for shared ownership mortgage holders.
- Reach Mortgages – Perfect for those with credit scores that don’t meet our standard mortgage criteria, opening up more opportunities for prospective buyers.
- Experian Boost – We’re the first UK lender to use this service, giving borrowers the chance to boost their credit scores using their history of regular payments.
We know first time buyers
We know the first time buyer market offers its unique challenges. But with over 30 years’ experience, we’re here to support you and your client every step of the way.
And we’re doing what we can to tackle barriers to home ownership – from influencing policy to stopping lending on second homes.
Learn more about how we’re supporting you in the first time buyer market. Also, to support you in getting your first time buyer clients mortgage ready, we’ve created a dedicated first time buyer broker guide full of tips and insight.