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Please note: Leeds Building Society only accepts mortgage applications from intermediaries where they are providing an advised sales service, with the exception of Buy to Let & Holiday Let applications. It is the responsibility of the intermediary to ensure that all applicable law including, without limitation, the Financial Conduct Authority rules on advised mortgage sales are complied with including, without limitation, the provision of adequate explanations.

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Changes to Interest Only Criteria Excluding Buy to Let loans

The following change has been made to the Society’s interest only criteria.

  • When an element of interest only lending is present, the maximum LTV for all residential mortgage applications will be reduced to 50%, with effect from Thursday 29th March, 2012.

Notes:

  • This change does not apply to buy to let loans.
  • The change is effective from Thursday 29th March, 2012.
  • No changes have been made to the packaging requirements and Intermediaries continue to have 21 days to submit.
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