Leeds Building Society mortgage news is mixed.
If you are looking for a Leeds Building Society mortgage, there has recently been mixed news in the market.
Most recently the lender reduced its loan to value limit from 75 per cent to 50 per cent for interest only mortgages. It is understood that the changes will not affect the building society's buy-to-let lending criteria.
Only last month, for interest only mortgages where the repayment plan is the sale of the property, the building society reduced its maximum loan to value from 70 per cent to 50 per cent.
Now irrespective of the repayment vehicle, if you want an interest only mortgage the maximum loan to value will be 50 per cent.
On a more positive note you can still get a Leeds Building Society mortgage for up to 95 per cent loan-to-value on certain mortgage products, without the need of a guarantor. Deal Direct can advise on the Leed's product range currently available.
More good news from the Leeds is the lender's pledge to set in place a £250 million bond to help fund mortgage lending. With access to the wholesale markets the building society should have more flexibility in its future lending.
There are still plenty of options if you are looking for a Leeds Building Society mortgage.
Give us a call at Deal Direct as we can advise you of the mortgage option that best suits your needs.
