Leeds BS expands limited company buy-to-let lending

Published on

Leeds Building Society has announced further support for brokers and intermediaries who are working with landlords operating within a limited company structure.

The society moved into limited company buy-to-let lending in July.

Leeds Building Society’s expanded limited company range offers a choice of fixed rate periods and loan-to-value tiers, as well as products with different fee structures and loan terms. Hero products launched this week include a five-year fixed rate mortgage at 5.49% with fees of £5,999, and a fee-free product fixed at 6.04% for five years.

Applications can be made through the Society’s bespoke system, Mortgage Extra which gives brokers full visibility of how each case is progressing. This is complemented by a new packaging checklist to simplify the application journey for limited company buy-to-let cases.

A new limited company buy-to-let affordability calculator has also been added to streamline the process for brokers and landlords alike.

James O’Reilly, head of intermediary partnerships at Leeds Building Society, said: “Over recent years, we’ve seen more landlords opting to buy, own and let their properties through a limited company structure. As such, we want to be able to support our intermediary partners as they guide their clients in this changing market.

“Our broker partners trust us to offer specialist support and find the right solution for each case, and this move to ramp up service and support for limited companies will further streamline processes.

“Our teams are on hand to guide brokers through the process, with tailored support via access to a specialist team of limited company buy-to-let underwriters for those with complex scenarios or who may be new to working with limited companies.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...

HTB provides £20m+ facility for land portfolio refinancing

Hampshire Trust Bank has completed a development finance facility in excess of £20m to...

Davisons Law joins conveybuddy panel

Conveyancing distributor conveybuddy has announced that West Midlands-based Davisons Law has joined its panel...

Latest opinions

A home shouldn’t be out of reach for those who keep the UK running

In a housing market that has grown steadily more selective, it is often those...

Richard Pike: A conference of positivity – Global ABS Day three

It’s time for reflection of the last three days here in Barca. To readers,...

Maximising embedded value and delivering a great service

While advisers understand the importance of looking after existing clients, nurturing your back book...

Open banking and smart data transformed finance – now it’s time to do the same for property

The UK is set for a 'smart data' revolution, a revolution which began with...

Other news

Crystal hails Goldberg’s impact and welcomes Together leadership plan

One of the UK specialist finance sector’s most prominent distribution firms has paid tribute...

The Exeter reveals 2024 health, income protection and life payouts

UK mutual health and protection insurer The Exeter paid out £61 million in claims...

Tandem reports record green lending as customers cut 70,000 tonnes of CO₂

Tandem Bank has published its most comprehensive ESG report to date, disclosing that it...