Leeds Building Society has launched a new facility enabling intermediaries to offer additional borrowing to existing customers across a range of mortgage types.
The move gives brokers access to a streamlined application process through the lender’s Mortgage Hub platform, allowing eligible clients to increase their borrowing without switching providers.
The service is powered by the Iress MSO platform and is available to those with a residential, buy-to-let, or shared ownership mortgage with the Society.
Additional borrowing can be used for a variety of purposes, including home improvements, debt consolidation, and staircasing for shared ownership customers.
A new affordability calculator has also been introduced, enabling brokers to assess a client’s circumstances before formally submitting an application.
Martese Carton, director of mortgage distribution at Leeds Building Society, said the development would help intermediaries support more borrowers with evolving financial needs.
“We’re excited to introduce additional borrowing for brokers via Mortgage Hub for the first time,” she said. “It means brokers can now help clients with a Leeds Building Society mortgage who have a need for additional borrowing and potentially avoid the costly and time-consuming process of remortgaging with another lender.”
