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. 

 

mortgageIf 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.

For mortgage advice and a low rate quote,

call us today on 0800 048 8828.

 start mortgage search


Article published: Thursday, June 04, 2015
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