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 mortgage range. These changes affect new mortgage applications only.
Key Product Updates
New 2 and 5-year BTL and portfolio BTL products introduced.
New 2 and 5-year Ltd. Co. BTL products introduced.
Selected fixed rates withdrawn.
Products will be withdrawn from the system at midnight Wednesday 29 May – see our latest updates for details.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
We’re continuing to support our broker partners, giving you everything you need to make them first home happy.
We recently launched our First Time Buyer’s Broker Guide, a great resource to brush up on how we can help you support your first time buyer clients. If you haven’t had a chance to read it – you can download it here.
Download our First Time Buyer’s Broker Guide
“We continue to break down barriers which prevent home ownership. From our extensive product range and influencing policy, to our newly developed package of support, content, and tools to aid our broker partners in getting their first time buyers on the ladder.” – Martese Carton, Director of Mortgage Distribution
Our products:
- Shared ownership, including our new Cashback 2 Year Shared Ownership Fixed Rate Mortgage.
- High LTV fixed rate products
- Reach Mortgages (to help buyers who don’t meet our standard lending criteria)
- Experian Boost (to help improve buyers’ credit scores)
We know first time buyers
We’ve been helping people into a place to call home ever since we started around 150 years ago. And we know that right now it’s one of the hardest times to make home ownership a reality. You can learn more about the current first time buyer market in our Lending Matters podcast episode.
Learn more about what we’re doing, and why we’re doing it, in our intermediary news article.
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 2 and 5 year Residential 75% LTV fixed rates launched.
Residential, Reach, Interest Only and Retirement Interest Only 2 year end dates extended to September.
Selected Residential fixed rates increased.
Key Product Updates – Existing Customer
Residential, Interest Only and Retirement Interest Only 2 year end dates extended to September.
Products will be withdrawn from the system at midnight Sunday 2 June – see our latest updates for details. You’ll be able to apply for any new products from the stated launch date.