Help remortgaging for interest only borrowers.
The Leeds Building Society has loosened its interest-only criteria and now lends up to 75% LTV on a part and part basis.
Previously, Leeds BS offered interest-only mortgages to a maximum of 50% LTV. A change in lending criteria now means that interest only mortgages to 75% LTV are available with 50% on interest-only and the balance on capital repayment.
The lender advises that the decision to change its interest only criteria is to help those borrowers trapped on a full interest only deal. The new Leeds offer enables mortgage-holders to pay down their loan in a more manageable way.
If you are on an interest-only deal and are looking to remortgage or review your options call us at Deal Direct.
We are 'whole of market' brokers with access to all lenders mortgage ranges market-wide.
Our impartial advisers are here to take your call and help you switch to a better deal.