The Leeds Building Society expects minimal impact to intermediaries as it prepares for the introduction of the Mortgage Market Review (MMR).

“We have reviewed our products and processes as we’ve prepared for MMR and we’re confident intermediaries will notice minimal changes,” said Martin Richardson, Leeds Building Society’s general manager of business development.

“Our affordability model is well-established, having been in place for more than two years, and usability for intermediaries will be largely unchanged.”

As part of these preparations, the Society will not be accepting any new non-advised business (excluding buy-to-let) from 1 April.

In addition, as part of minimum submission requirements, from this date the Society will require details of future changes to income and affordability, the cost of interest only repayment strategies and how fees are paid.

Richardson added: “We are well-placed to support our intermediary partners and welcome the introduction of MMR.”